Chilean candidate best positioned to lead the Inter-American Development Bank ...Middle East

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Chilean candidate best positioned to lead the Inter-American Development Bank
Last Friday, the field of candidates for the president of the Inter-American Development Bank (IDB) was set. Argentina, Brazil, Chile, Mexico and Trinidad & Tobago have put forward candidates. If Chile puts forward a strong diplomatic campaign, the Chilean candidate is best positioned to win the election. The winner must garner votes from more than 50 percent of the shares. The U.S. holds 30 percent of the shares. The U.S. will have a veto over who wins but does not have the ability to impose its views. The winner also has to win 14 plus 1 of the 28 western hemisphere member states of the IDB. This means that the U.S. is only one of several votes, and smaller countries in the Caribb

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