Elected President of the IDB on September 12, 2020, Mauricio Claver-Carone also chairs the Board of Executive Directors of IDB Invest and the Donors Committee of IDB Lab, the Bank’s incubator for innovative development projects.
Prior to his election, he served as Deputy Assistant to the President of the United States and Senior Director for Western Hemisphere Affairs at the National Security Council. In this capacity, he was the U.S. President’s principal advisor on issues related to Canada, Latin America and the Caribbean. During his tenure, Mr. Claver-Carone conceptualized a whole-of-government economic growth initiative, America Crece (‘Growth in the Americas’), which led to the creation of energy and infrastructure finance frameworks with nearly half of the nations in Latin America and the Caribbean. He also spearheaded the first White House-led Western Hemisphere Strategic Framework for U.S. inter-agency policy guidance and development since 2004.
He previously served as the United States Executive Director at the International Monetary Fund (‘IMF’), where he represented the United States, as the largest shareholder on the IMF's Executive Board. In this capacity, he worked with the U.S. Department of the Treasury, the Federal Reserve Board and the U.S. inter-agency to effectively present policies regarding foreign exchange practices, debt transparency and trade, to the Executive Board and to IMF management. He also played an important role in lending arrangements for Argentina, Barbados and Ecuador, and revolving credit lines for Colombia and Mexico.
From 2017 to 2018, Mr. Claver-Carone served as Senior Advisor for International Affairs at the U.S. Department of the Treasury, where he was a principal policy advisor to the Secretary of the Treasury and to the Under Secretary for International Affairs on geo-political, national security and economic issues.