Breaking News
Investing Pro 0
Free Webinar - Decode the market's secrets! | Tuesday, May 30, 2023 | 01:00PM EDT Enroll Now

Exclusive-Probe into IDB chief backs allegation of relationship with staffer - sources

Published Sep 20, 2022 01:50PM ET Updated Sep 20, 2022 09:00PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. A man stands next to a screen with the logo of Banco Interamericano de Desarrollo (BID) at the Atlapa Convention Center in Panama City March 13, 2013. REUTERS/Carlos Jasso

By Cassandra Garrison and Andrea Shalal

MEXICO CITY/WASHINGTON (Reuters) -An outside firm hired to investigate whistleblower allegations found evidence that Inter-American Development Bank President Mauricio Claver-Carone engaged in an intimate relationship with a staffer, three sources briefed on the probe told Reuters.

The report also cited examples of abuse of power by Claver-Carone, including his dismissal of some bank employees that investigators believed were in retaliation for various personal conflicts, said the sources, who spoke on condition of anonymity because the process is still under way.

Claver-Carone said the investigation did not "substantiate the false and anonymous allegations" made by the whistleblower. Claver-Carone has "not yet formally received the report," but was able to informally review a copy on Tuesday, his spokesperson told Reuters.

"I would welcome the opportunity to officially respond to the investigation's findings in accordance with Bank rules and international standards," Claver-Carone said in a statement.

One of the sources, a former senior U.S. official, said it was highly unusual to post such a document on the institution's website, given the ongoing investigation. "He's being accused of misusing bank resources, and in defending himself, he is doing just that - misusing bank resources," the former official said.

Legal firm Davis Polk presented the findings of its investigation to the bank's directors on Monday. The IDB's board hired the firm to investigate allegations leveled against Claver-Carone in a whistleblower email at the end of March.

It concluded that Claver-Carone had an intimate relationship with a senior staffer who previously worked with him at the White House under former President Donald Trump, according to the three sources with knowledge of the findings. Reuters has not seen a copy of the report.

A relationship between Claver-Carone and someone he directly managed at the bank would appear to violate the IDB's ethics code. One of the sources said the report also noted that Claver-Carone had failed to disclose the prior relationship.

The staffer, in written testimony submitted to investigators, denied "all allegations that suggest any violation of the staff code" and said she had not received any written notification of any allegations.

The Washington-based IDB is a development bank that, while far smaller than the International Monetary Fund or World Bank, is a major provider of development funding in Latin America.

The bank's 14-member board of directors reviewed the report for hours on Monday and met again on Tuesday to consider next steps, the sources said. It will meet again Wednesday with representatives from all 48 member countries.

The United States, the largest shareholder in the bank, was "closely reviewing" the report but would refrain from further comment until the review was complete, a spokesperson for the U.S. Treasury Department said.

The board had offered to share the investigation's findings with Claver-Carone before they were presented on Monday, but only under certain conditions, including that no retaliatory action be taken against participants in the investigation. Claver-Carone declined, one source said.

A letter to the bank's law firm from Claver-Carone's attorneys, seen by Reuters, said the terms of the offer were unacceptable, and that Claver-Carone had repeatedly been denied the opportunity to know the allegations against him and speak in his own defense.

Exclusive-Probe into IDB chief backs allegation of relationship with staffer - sources

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your profile, will be public on and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
John Hill
John Hill Sep 20, 2022 3:01PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
And this is news why? Were any laws broken? No. But because of his ties to trump he is exploited. Mainstream Media today has demeaned themselves to the likes of gossip newspapers to fill only the perverted minds in society.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email