As with the recent elections of the heads of the IMF and the World Bank, Luis Alberto Moreno’s appointment as president of the Inter-American Development Bank proved controversial. The diplomat was the Bush administration’s firm favourite. Given that the US is the IDB’s single-biggest shareholder, with a 30% share of the vote, that made it a near certainty that Moreno would get the nod.
But the Colombian also needed the backing of the majority of Latin American and Caribbean nations.
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