Mauricio Claver-Carone, became the first U.S. citizen to be elected as president of the Inter-American Development Bank (IDB) despite the opposition of some countries that wished for a continuation of the tradition that the entity be led by a Latin American.
The former president of Costa Rica, Laura Chinchilla, withdrew her candidacy for the presidency of the Inter-American Development Bank (IDB), the government announced Thursday.Â
Peru's year-on-year GDP fell by 30 percent in the second quarter of 2020 as it was badly affected by coronavirus containment measures, the government said on Thursday.
The Costa Rican Presidency has withdrawn 10 law projects in an effort to streamline the path toward a $504 million loan from the International Monetary Fund.Â
As many countries prepare to resuscitate their economies, the IMF warned that a possible second wave of infections could mean a worsening of the already bleak picture.
