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Global economiesFebruary 29

Profile: Ilan Goldfajn seeks to drive efficiency for LatAm development

The IDB’s president looks to tackle the region’s mounting challenges more effectively
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Profile: Ilan Goldfajn seeks to drive efficiency for LatAm developmentImage: Reuters/Ueslei Marcelino

Taking up the reins as the seventh president of the Inter-American Development Bank in December 2022, Ilan Goldfajn inherited an institution in a deep funk, following the messy departure of his controversial American predecessor.

As the IDB — the largest development financial institution serving the Latin America and Caribbean region — prepares to hold its annual meeting in the Dominican Republic next week, its well-respected Brazilian economist president can look back on a successful first year in the job, during which time the bank’s internal and external relationships have become markedly less fraught.

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John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.
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