Bank Shot

<p>The Inter-American Development Bank, the IDB, says its mission is to “improve lives in Latin America and the Caribbean,” support countries “working to reduce poverty and inequality,” and “achieve development in a sustainable, climate-friendly way.”</p> <p>For the past two years, for the first time in its 62-year history, the IDB has had an American president: Mauricio Claver-Carone. His goals have included implementing policies beneficial to the United States and countering Beijing’s push for influence and privileges at the bank.</p> <p>He also ended the practice of Latin American governments using the IDB for patronage jobs – a place to park cronies and politically connected but mediocre economists including those from the region’s socialist and anti-American countries.</p> <p>His reward: He’s been fired — by the Biden administration. China’s rulers and the leftist regimes of Latin America are undoubtedly celebrating.</p> <p>Mr. Claver-Carone joins host <a href='https://www.fdd.org/team/clifford-d-may/'>Cliff May</a> to tell his story and discuss what he thinks is happening at the IDB.</p> <p>More on FDD.org: <a href='https://www.fdd.org/podcasts/2022/10/07/bank-shot/'>https://www.fdd.org/podcasts/2022/10/07/bank-shot/</a> </p>