International Financial Architecture

The IDB presidential election

Vie, 09/11/2020 - 12:02 -- anegrete

The Inter-American Development Bank (IDB) has a long history. Ever since the Inter-American Conferences of 1889, the need for a bank with these characteristics has always been mentioned. Since 1959, with the beginning of the Cuban Revolution, the United States began the creation of the IDB and the Alliance for Progress.

Since then, we have seen illegal US intervention in Nicaragua, Grenada, Honduras, Paraguay, Brazil and, more recently, Bolivia and Venezuela. All this forgets what was agreed upon in 1889 at the Inter-American Conference: sovereignty and not rights by conquest.

The IDB is about to be intervened by an official of the US National Security Council at the request of the President, the Secretary of State and the Secretary of the Treasury. The reasons are to stop China's presence as a financier in Latin America, and to conclude the overthrow of uncomfortable governments that are not aligned with US power in the hemisphere.

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