We’re covering today Donald Trump’s latest move on Latin America. The effects of the pandemic on the job market. And key moves in the aviation sector.
Trump’s hawkish move for U.S. influence in Latin America
U.S. President Donald Trump wants to nominate one of his advisors to lead the Inter-American Development Bank (IDB). Mauricio Claver-Carone, a Florida-born attorney known for defending a hardline policy against Cuba and Venezuela, would be the first non-Latin American person to head the bank since its foundation in 1959.
- Besides breaking with tradition, Mr. Trump’s decision scuppers the Jair Bolsonaro administration’s intention of naming the bank’s first Brazilian president — following Colombian diplomat Luis Alberto Moreno’s 15-year tenure.
- The Brazilian government had worked for weeks trying to build a consensus around Rodrigo Xavier, the former head of Bank of America and UBS in Brazil — and was counting on the White House’s support to make it happen.
Election. A candidate must secure the support of 15 out of 28 nations (among 26 borrowing members, plus the U.S. and Canada), but also more than 50 percent of the voting capital. Controlling 30 percent of the vote, the U.S. has more weight than any other country.
Why it...