A development bank fires its director after an ethics investigation

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MIAMI (AP) — Governors of the Inter-American Development Bank have voted to fire its president, Mauricio Claver-Carone, after an ethics investigation found he had a relationship with a subordinate, The Associated Press told someone close to the vote.

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Governors had until Tuesday to vote electronically on whether to fire Claver-Carone, but enough ballots had been cast by Monday afternoon to remove the first American to lead the bank, the person said.

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An investigation commissioned by the bank’s board determined that Claver-Carone breached ethics rules by raising the salary of his chief of staff, with whom he had been romantically involved since at least 2019, when both worked at the White House, according to a copy of the report obtained by the AP.

Claver-Carone denied the relationship and said the investigation was seriously flawed.

The bank’s board voted unanimously last week to urge governors to remove Claver-Carone. Under bank rules, executive vice president Reina Mejia, a Honduran national who spent most of her career at Citibank in Central America, will succeed Claver-Carone.


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