Mexico president confirms nomination of cenbanker Esquivel for IDB chief

FILE PHOTO: Mexican central bank board member Gerardo Esquivel, looks on during an interview with Reuters in Mexico City

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador confirmed on Thursday the nomination of Bank of Mexico Deputy Governor Gerardo Esquivel for the presidency of the Inter-American Development Bank (IDB), Latin America’s main lending arm.

Lopez Obrador said Esquivel’s candidacy had “the possibility to triumph,” in comments made at a regular news conference.

Reuters first reported the nomination on Wednesday, citing four people familiar with the matter. The move came after Alicia Barcena, former head of the United Nations Economic Commission for Latin America and the Caribbean, dropped out of the running.

“I promise to do my best in the process of running for the appointment,” Esquivel said in a series of tweets on Thursday evening. “I am confident that the outcome, whatever it may be, will be to the benefit of the entire region.”

Esquivel’s term at the Bank of Mexico is currently set to end in December, though he could be asked to stay on.

The former chief of the IDB, Mauricio Claver-Carone, was sacked in September after an investigation found he had had an intimate relationship with a subordinate.

(Reporting by Mexico City Newsroom; Additional reporting by Kylie Madry; editing by Cassandra Garrison and Sandra Maler)