Article: COLOMBIAN AMBASSADOR TO THE U.S. LUIS ALBERTO MORENO ELECTED TO HEAD INTER-AMERICAN DEVELOPMENT BANK.

The race to name a new head of the Inter-American Development Bank (IDB) ended more quickly than analysts had expected, with Colombian candidate Luis Alberto Moreno winning a strong majority from member nations. Moreno replaces Uruguayan IDB president Enrique Iglesias, 75, who ran the world's largest regional lending institution for the past 17 years. Moreno's success is a gain for the US, which backed the official's bid to become the IDB's fourth president in 46 years.

US favorite to head world's largest regional lender

Moreno served the past six years as Colombia's ambassador to Washington, DC, appointed by former President Andres Pastrana ...

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