Election at the IDB: Argentina withdrew the candidacy of Cecilia Todesca Bocco and will support the candidate of Brazil

President Alberto Fernández together with Foreign Minister Santiago Cafiero and the Minister of Economy, Sergio Massa

In a long negotiation that went through Buenos Aires, São Paulo and Washington, Alberto Fernandez declined the nomination of Cecilia Todesca Bocco to reach a regional agreement that implies supporting the candidacy of Ilan Goldfajn -proposed by Jaír Bolsonaro- and getting Argentina to access key positions in the IDB structure.

The unexpected position of Argentina was a direct consequence of the strategy assumed by Andrés Manuel López Obrador (AMLO), president of Mexico, who promised Alberto Fernández that he would support Bocco Todesca, and in the end played with his candidate, Gerardo Esquivel.

Faced with the abandonment of Mexico, and without the votes to impose Bocco Todesca, a diplomatic game was opened that was inevitably supported by the nomination of Goldfajn.

In this context, the Head of State authorized a regional negotiation that was carried out by the chancellor santiago cafiero and the Minister of Economy, Sergio Massa.

The White House also wanted a consensus candidate, but was inclined to support – in silence – Goldfajn, who has a very important position in the International Monetary Fund (IMF) and is respected in Washington.

When AMLO abandoned Alberto Fernández, and Todesca Bocco was left with no chance of succeeding, Joseph Biden’s advisers for the Region opened a negotiating table that strengthened the nomination of the card that Bolsonaro played.

Alberto Fernández and Andrés López Obrador during their last official meeting in Mexico City ( Presidency of Mexico )
Alberto Fernández and Andrés López Obrador during their last official meeting in Mexico City ( Presidency of Mexico )

The election to designate the head of the IDB, which will take place this Sunday, has five candidates: Todesca Bocco (Argentina), Ilan Goldfjan (Brazil), Nicolas Eyzaguirre (Chili), Gerardo Esquivel (Mexico) and gerard johnson (Trinidad and Tobago).

To be consecrated by the Board of Governors, which represents its 48 members, the candidate must add a majority of the votes of the countries (by their number of shares), and also must have at least 15 votes from the 28 States region of.

The United States has 4,820,973 votes (30.006 percent), Argentina and Brazil each hold 1,609,577 (11,354 percent), Mexico has 1,034,744 (7.299 percent), Chile has 442,130 (3,119) and Colombia with a similar number.

Namely: the White House orders the vote by its relative minority, that could only be put in check if Argentina, Brazil and Mexico -at least- played the game in a coordinated manner. A working hypothesis that has no place in the current political situation in Latin America.

Once again, the BiD presidency was elusive for the government. It happened when Donald Trump nominated Mauricio Claver-Carone, and it happened today with Joe Biden’s support for the candidate from Brazil.

However, this time, the Casa Rosada will charge in terms of regional influence: Argentina will occupy the vice presidency of Sectors and the Infrastructure Management, which manages 40 percent of the IDB’s portfolio.

Alberto Fernández was planning to travel to Mexico City to have lunch there with AMLO and Lula. Now, that trip is in doubt.

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Election at the IDB: Argentina withdrew the candidacy of Cecilia Todesca Bocco and will support the candidate of Brazil