Who are the 5 candidates who aspire to be elected to preside over the IDB?

Five countries, Argentina, Trinidad and Tobago, Mexico, Brazil and Chile, proposed candidates for the presidency of the Inter-American Development Bank (IDB) ahead of the board election on November 20, the entity reported this Saturday.

Argentina announced on Friday that it would nominate the secretary of International Economic Relations, Cecilia Todesca Bocco. The deputy governor of Banco de México was also previously nominated Gerardo Esquiveland the former Chilean Finance Minister Nicholas Eyzaguirre.

The outgoing president of Brazil, Jair Bolsonaronominated the former head of the central bank Ilan Goldfjnwho heads the Western Hemisphere department of the International Monetary Fund.

Trinidad and Tobago nominated for the post Gerard Johnsona former IDB official who now serves as a senior consultant to the Jamaican Ministry of Finance.

The deadline for submitting the candidacies ended on Friday at 11:59 p.m., the entity reported.

The IDB governors, who are usually finance ministers or other high-ranking economic authorities from the organization’s 48 member countries, will interview the candidates in a virtual meeting on November 13, and the election will take place in a hybrid appointment one week later, he said.

An adviser to the president-elect of Brazil, Luiz Inacio Lula da Silvaintends to delay the election until next year so that Brazil’s nomination can reflect the newly elected leader.

The former finance minister Guido Mantega said he sent a letter to the US Treasury Secretary, Janet Yellento support a delay.

A Treasury spokesman said Washington is not in favor of the postponement.

The rules for the elections are clear and we hope that they will be held within the agreed period. The nomination period has just closed and the United States is carefully evaluating each candidate,” the spokesperson said.

The US Treasury, which did not propose any candidate, has 30% voting power in the bank, followed by Brazil (11%) and Argentina (11%). Colombia and Chile have a 3% share each.

The ex-president Mauricio Claver-Caronethe first American to hold the post, was ousted in an ethics scandal last month.