Head of Latin America’s largest development bank faces impeachment vote over allegations of misconduct

Inter-American Development Bank core member states expected to vote to remove bank president Mauricio Claver-Carone after an investigation revealed misconduct regarding an undisclosed romantic relationship between him and a bank staff member, according to senior government officials from countries with high voting stakes at the bank.

People familiar with the matter said bank shareholders unanimously backed Mr Claver-Carone’s exit after a law firm carrying out an investigation for the bank found evidence he had a relationship with a bank employee who reported to him. The investigation also revealed that Mr Claver-Carone had approved a 45% base salary increase for the senior executive in less than a year, the sources said.


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