CORRECTED: IDB sets date for delayed annual meeting

CORRECTED: IDB sets date for delayed annual meeting

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This article was corrected on July 28 to show that Mauricio Claver-Carone's nomination for IDB president has support from 15 countries, including the opposition government in Venezuela.

The Inter-American Development Bank (IDB) has set the date for its next annual meeting on March 17-21, 2021 in Barranquilla, Colombia, but it still plans to name a new president in September this year, it said in a press release on Monday.

The IDB postponed the meeting in March, initially rescheduling it for September, as the COVID-19 pandemic spread to Latin America. It said at the time that it planned to elect a new president at the meeting.

The bank opened the nomination period on Monday, giving member nations 45 days to put forth candidates. The United States has nominated Mauricio Claver-Carone, an adviser to President Donald Trump, to become the next president, the first time it has picked an American since the IDB was founded in 1959.

Claver-Carone has support from 15 countries, including Brazil, Colombia and the opposition government of Juan Guaidó in Venezuela. Former Costa Rican President Laura Chinchilla is also running.

Luis Alberto Moreno has been president of the IDB for 15 years. He steps down in September.

LatinFinance spoke to Alexandre Meira da Rosa, the vice president for countries at the IDB, about the development bank's role in combating the COVID-19 pandemic and its plans for the annual meeting in a recent podcast. Click here to listen.