Inter-American Development Bank chief hits out at misconduct probe

The president of the Inter-American Development Bank has attacked his own institution over its investigation into allegations that he had an undisclosed relationship with a senior executive, arguing that an external report had not substantiated the “false” assertions.

Mauricio Claver-Carone, a Trump-era candidate who heads Latin America’s leading development bank, told the Financial Times that the IDB broke its own rules on confidentiality, privacy and privacy. due process “more than a dozen times” during the investigation.

The Washington-based institution has hired US law firm Davis Polk to investigate anonymous whistleblower allegations made against Claver-Carone and the top executive in March, which also included allegations of travel expense claims. excessive.

The report was delivered to the bank’s board this week and has not been released.

“The bottom line is that there have been over a dozen breaches of the bank’s rules of confidentiality, privacy and due process against me, and no real evidence to support any breach of my part,” Claver-Carone told the FT. “The score is 12-0 against those trying to smear me and my staff.”

In a public statement, the IDB President said he had “supported and participated in this unprecedented investigation, which, as expected, does not substantiate the false and anonymous allegations that have been made against me or the staff of the IDB. IDB in the press”.

He added: “I would welcome the opportunity to respond formally to the findings of the investigation in accordance with banking rules and international standards.

Last year, the IDB, the leading development bank for Latin America and the Caribbean, directly lent a record $13.1 billion to finance infrastructure and improve health, education and sustainability in the region as it struggles to recover from the coronavirus pandemic.

Several major Latin American countries, led by Argentina, opposed Claver-Carone’s 2020 nomination on the grounds that he was a partisan figure in his previous role as Trump’s top adviser in the region.

They also objected that he was an American candidate, when the bank had always been run by a Latin American. However, Claver-Carone largely won, with support from smaller countries in the region, particularly Central America and the Caribbean, traditionally underrepresented in the top ranks of the institution.

“Now their continued efforts [against me] is based on loosely fabricated claims that have already been dismissed,” Claver-Carone told the FT.

He also dismissed suggestions that he had not fully cooperated with the investigation: “Clearly anyone who looks at this rationally will see that I participated [in the investigation] above and beyond. My refusal to give up my constitutional rights and never tell anyone about it doesn’t make me uncooperative.

Friends of the accused senior official told the FT they believed the allegations against her were false and largely based on opportunistic testimony from her ex-husband, who they said had been discredited. “The council is waging an asymmetric war against her,” a friend said.

The law firm’s report could provide ammunition for some Latin Americans on the bank’s board that have sought to remove Claver-Carone before the end of his five-year term. It is unclear what action the council will take next.

Claver-Carone has previously said the attacks on him were unfair and motivated by his desire to reform the IDB.

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