Our Man at the IDB
Colombia's ambassador to Washington, Luis Alberto Moreno, won a decisive election victory to take over as president of the Inter-American Development Bank. He soundly beat rivals from Brazil, Peru and Venezuela, thanks to strong support from the US, which holds 30% of the bank's shares. Moreno is one of Latin America's most accomplished diplomats in Washington. IDB watchers say he needs to engage more closely with non-governmental organizations and develop new products better suited for private sector borrowers as lending to governments declines.
Promotion at Petrobras
The Brazilian government promoted José Sérgio Gabrielli to become president
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