Mauricio Claver-Carone

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Mauricio Claver-Carone
Official photo of IDB President Mauricio Claver-Carone July 2021.jpg
Official photo of IDB President Mauricio Claver-Carone (July 2021)
President of the Inter-American Development Bank
Assumed office
1 October 2020
Preceded byLuis Alberto Moreno
Personal details
Born1975 (age 45–46)
Miami, Florida, U.S.
EducationRollins College (BA)
Catholic University of America (JD)
Georgetown University (LLM)

Mauricio Claver-Carone (born 1975)[1] is president of the Inter-American Development Bank, a position he has held since October 2020.[2] He is an international development official, a former senior director at the U.S. National Security Council, a former senior advisor at the U.S. Treasury Department, a lawyer, and a former lobbyist.

Early life and education[edit]

Claver-Carone was born in Miami, Florida, to parents of Cuban and Spanish descent.

He earned his Bachelor of Arts degree from Rollins College, Juris Doctor from The Catholic University of America and Master of Laws in International and Comparative Law from Georgetown University Law Center.

Career[edit]

Inter-American Development Bank[edit]

In June 2020, the U.S. Department of the Treasury announced its intention to nominate Claver-Carone for the president of the Inter-American Development Bank (IDB),[3] the principal source of long-term financing for economic, social and institutional development in Latin America and the Caribbean.

His nomination generated a mixed reaction among the Bank’s member countries, as the institution’s presidency was historically reserved for a citizen of one of its borrowing member countries.[4]

He was elected by the IDB’s Board of Directors on September 12, 2020, for a five-year term beginning on October 1, 2020.[5] Thirty of the Bank's 48 governors voted for him (67% of total shareholding), including 23 out of the 28 regional governors.[6][7]

As president, he oversees the operations of the IDB Group, comprising the IDB, which works with the region’s governments; IDB Invest, which works with the region’s private sector; and IDB Lab, which incubates innovative development projects.

Claver-Carone is leading the Bank's continuing response to the immediate impacts of COVID-19 in the region, including $1 billion to support countries’ vaccine purchases and distribution plans,[8] and a first-of-its-kind guarantee to help borrowing member countries better compete to obtain vaccines.[9] He also spearheaded the implementation of Vision 2025,[10] the Bank's blueprint for regional recovery and sustainable, inclusive growth. Approved by the Board of Governors at the 2021 Annual Meeting, it identifies five key areas for development that will guide the Bank’s efforts: integration and nearshoring; digitalization; support for small businesses; gender equality; and climate change.[11]

Claver-Carone has also emphasized the role of the private sector in driving the region's recovery and growth, establishing a coalition of more than 120 global corporate executives,[12] among other new efforts in this area. He is also leading the effort to secure a capital increase for the Bank, which would allow it to boost its lending to help counter the effects of COVID-19 and further address entrenched economic problems in the region.[13] The prospect has garnered bipartisan support in the U.S. Congress.[14]

Claver-Carone is pursuing a reform and modernization effort within the IDB, aiming to increase operational efficiency, productivity and transparency to enable better results, impact and monitoring.

Government positions and IMF role[edit]

From 2017 to 2018, Claver-Carone was Senior Advisor for International Affairs at the U.S. Department of the Treasury, where he was a principal policy advisor to the Secretary of the Treasury and to the Under Secretary for International Affairs on geopolitical, national security and economic issues.

He then served as acting U.S. Executive Director at the International Monetary Fund, representing the United States on the Executive Board.[15] He played an important role in lending arrangements for Argentina, Barbados and Ecuador, and revolving credit lines for Colombia and Mexico.

In September 2018, Claver-Carone was appointed Special Assistant to U.S. President Donald Trump and Senior Director for Western Hemisphere Affairs on the National Security Council.[16] In 2019, he was promoted to become a Deputy Assistant to the President. In this role, Claver-Carone is credited for creating the U.S. government's maximum-pressure campaign against the Maduro regime[17] in Venezuela and for conceptualizing the "América Crece" economic growth strategy and frameworks.[18] He was also selected by President Trump to represent the United States in inauguration delegations to Brazil,[19] Panama[20] and Uruguay.[21]

Claver-Carone also helped design the Better Utilization of Investments Leading to Development (BUILD) Act of 2018, which created the U.S. International Development Finance Corporation.[22]

He also spearheaded the first White House-led Western Hemisphere Strategic Framework for U.S. inter-agency policy guidance and development since 2004.

Early career[edit]

Claver-Carone began his career as an Attorney-Advisor for the U.S. Department of the Treasury’s Office of the Comptroller, where he provided counsel on banking laws, capital requirements and securitizations.[23] He was also a Clinical Assistant Professor at The Catholic University of America’s School of Law, an Adjunct Professor at The George Washington University’s National Law Center and a Research Fellow at Georgetown University’s Law Center for the Americas.

Cuba policy[edit]

Before joining the U.S. government, Claver-Carone was Executive Director of Cuba Democracy Advocates, a lobbying organization for human rights, free markets and the rule of law in Cuba.[24]

Other[edit]

Claver-Carone has provided congressional testimony before the Committees on Agriculture, Foreign Affairs, the Judiciary and Natural Resources of the United States House of Representatives.

He has written for HuffPost,[25] The Wall Street Journal[26] and The New York Times, among other publications. He has also published in academic journals, including the Georgetown Journal of International Law and the Yale Journal of International Affairs.

Poder Magazine recognized him as one of 20 entrepreneurs, executives, leaders and artists under 40 who are shaping the future of the U.S. and the world.

Claver-Carone hosted the bilingual foreign-policy show “From Washington al Mundo” on Sirius-XM Radio.[27] He also co-founded a data-software start-up company.

References[edit]

  1. ^ https://english.elpais.com/elpais/2016/11/22/inenglish/1479820692_413463.html Trump signs up vocal Cuba critic Mauricio Claver-Carone
  2. ^ "IDB President Claver-Carone Highlights Job Creation, Capital Increase in Debut Speech | IADB". www.iadb.org. Retrieved October 8, 2020.
  3. ^ "United States Announces Nominee for Presidency of the Inter-American Development Bank Group | U.S. Department of the Treasury". home.treasury.gov. Retrieved November 5, 2020.
  4. ^ "Trump administration nominates American to head Inter-American Development Bank, breaking with tradition".
  5. ^ "Mauricio J. Claver-Carone Elected IDB President | IADB". www.iadb.org. Retrieved November 5, 2020.
  6. ^ Shalal, Andrea; Garrison, Cassandra (September 12, 2020). "Trump nominee elected to head Latin American development bank". Reuters. Retrieved September 12, 2020.
  7. ^ Rodriguez, Sabrina (September 12, 2020). "Trump's pick elected to run Latin American development bank". Politico. Retrieved September 16, 2020.
  8. ^ "IDB Mobilizes $1 Billion for COVID-19 Vaccine Financing in Latin America and the Caribbean".
  9. ^ "IDB to Support Latin America and the Caribbean to Negotiate Faster Access to Vaccines".
  10. ^ "Vision 2025: Reinvest in the Americas".
  11. ^ "IDB and IDB Invest Gain Board Support on Vision 2025 and Path Toward Capitalization".
  12. ^ "IDB President, CEOs Launch Historic Partnership for Latin American and Caribbean Recovery".
  13. ^ "IDB's Claver-Carone outlines plans for COVID-19 recovery, capital increase". Devex. October 16, 2020. Retrieved November 5, 2020.
  14. ^ "In Brief: US senators reintroduce bill for IDB capital increase".
  15. ^ Fund, International Monetary (October 2, 2018). IMF Organization Chart. INTERNATIONAL MONETARY FUND. ISBN 978-1-4843-7345-3.
  16. ^ Lippman, Daniel. "Trump taps new Western Hemisphere chief". POLITICO. Retrieved November 5, 2020.
  17. ^ Talley, Jessica Donati, Vivian Salama and Ian (January 30, 2019). "U.S. Push to Oust Venezuela's Maduro Marks First Shot in Plan to Reshape Latin America". Wall Street Journal. ISSN 0099-9660. Retrieved October 29, 2020.
  18. ^ Guatemela, elPeriodico de. "América Crece, la nueva propuesta de desarrollo de EE. UU. para Centroamérica". elPeriodico (in Spanish). Retrieved October 29, 2020.
  19. ^ "President Trump Announces Presidential Delegation to the Federative Republic of Brazil to Attend the Inauguration of His Excellency Jair Bolsonaro". whitehouse.gov. Retrieved October 29, 2020 – via National Archives.
  20. ^ "President Donald J. Trump Announces Presidential Delegation to Attend the Inauguration of His Excellency Laurentino Cortizo of Panama". whitehouse.gov. Retrieved October 29, 2020 – via National Archives.
  21. ^ "President Trump Announces Presidential Delegation to the Oriental Republic of Uruguay to Attend the Inauguration of Dr. Luis Lacalle Pou". whitehouse.gov. Retrieved October 29, 2020 – via National Archives.
  22. ^ "United States Announces Nominee for Presidency of the Inter-American Development Bank Group | U.S. Department of the Treasury". home.treasury.gov. Retrieved November 5, 2020.
  23. ^ "Mauricio Claver-Carone" (PDF).
  24. ^ "Mauricio Claver-Carone | HuffPost". www.huffpost.com. Retrieved November 5, 2020.
  25. ^ "Mauricio Claver-Carone". The Huffington Post. Retrieved August 18, 2015.
  26. ^ Claver-Carone, Mauricio (June 23, 2015). "When Helping 'the Cuban People' Means Bankrolling the Castros". The Wall Street Journal. Retrieved August 18, 2015.
  27. ^ "Cristina Radio - Empowering Hispanic Radio! - From Washington Al Mundo". August 14, 2015. Archived from the original on August 14, 2015. Retrieved November 5, 2020.

External links[edit]

Diplomatic posts
Preceded by President of the Inter-American Development Bank
2020–present
Incumbent