Brazil nominates former central banker Ilan Goldfajn to head IDB

The Brazilian Minister of Economy, Paulo Guedes, proposed the former head of the Central Bank, Ilan Goldfajn, as a candidate for the presidency of the Inter-American Development Bank (BID), according to a Ministry statement released on Monday.

“In a public statement, Guedes affirms that the candidate combines extensive and successful professional experience in the public sector, in multilateral organizations and in the private sector, in addition to a solid academic background, which qualifies him for the position of president of the institution,” the ministry said.

Goldfajn, who is currently head of the department of Western Hemisphere from the International Monetary Fundheaded Brazil’s central bank under former President Michel Temer, before handing over the reins to Roberto Campos Neto in February 2019.

After leaving the central bank, Goldfajn headed Credit Suisse’s board of directors in Brazil before joining the International Monetary Fund (FMI).

The government of the right-wing president Jair Bolsonaro It has already begun seeking regional support for its candidate to run the development bank, although the election has been met with opposition from allies of leftist presidential candidate Luiz Inácio Lula da Silva.

The development bank will elect its next president on November 20 after the dismissal of Mauricio Claver-Carone over an ethics scandal.

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