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IDB Chief Pivots Latin America Bank Away From US-China Feud

  • Goldfajn to focus lender on regional projects and integration
  • Previous president sought to counter China’s growing influence
Ilan Goldfajn
Ilan GoldfajnSource: Bloomberg
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The new head of Latin America’s top development bank is trying to steer clear of the global US-China competition, avoiding the course of his predecessor who aimed to use the lender to counter Beijing’s influence in the region.

Ilan Goldfajn, who became president in December, said in an interview that the Inter-American Development Bank, which lent more than $12 billion last year, is focused on integrating the region’s countries through infrastructure and power projects, as well as efforts to protect biodiversity.