Latin America development bank axes chief after ethics probe

The governors from the IADB's 48 members had until Tuesday to vote electronically on whether to sack Claver-Carone following a unanimous recommendation last week by the bank's boardBut enough ballots had been cast by Monday afternoon to meet the necessary quorum. The IDB in a statement said that in accordance with the bank's charter Executive Vice President Reina Mejia would take over as acting president until a new leader is chosen.

Claver-Carone has denied ever having a relationship with his top aide and said that the investigation, conducted by New York law firm Davis Polk, wasIn an interview Monday, Claver-Carone said he is considering legal action against the international financial institution for allegedly defaming his good name and violating provisions in his employment contract. He also lashed out at the Biden administration for not standing up for the due process rights of one of its citizens.

The bank’s executive board lost confidence in Claver-Carone's leadership as a result of evidence including a “contract” he and his aide purportedly drew up on the back of a place mat in the summer of 2019 while they dined at a steakhouse in Medellin, Colombia. Both were there attending the annual meeting of the Organization of American States.

While investigators found no evidence that Claver-Carone broke the bank's travel policies to cover up the purported romance, it faulted him for not fully cooperating with their probe by refusing to hand over his work phone and providing access to communications from his personal phone and email.

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