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The return of the Monroe doctrine | The Economist - Sept. 17, 2020 |

Only a decade ago Latin America seemed to be making a mark in the world. Enriched by a commodity boom and with democracy contributing to social progress, many of the region's governments felt part of "the rise of the south" in a multipolar world. John Kerry, Barack Obama's secretary of state, said in 2013 that the United States saw its newly self-confident neighbours as equals. "The era of the Monroe doctrine is over," he declared, referring to an early American president's warning to European monarchies to keep out of the western hemisphere, which gradually evolved into the belief that the United States was the hegemon of the Americas.

Under President Donald Trump, the Monroe doctrine seems to be back. In 2019 John Bolton, then Mr Trump's national security adviser, proclaimed it to be "alive and well" in a speech in which he pledged to topple the dictatorships of Venezuela and Cuba. The United States has so far failed in that, but its neo-Monrovianism has now produced a victory. It will take over the presidency of the Inter-American Development Bank (idb), a big regional lender which, though based in Washington D.C., has been in Latin American hands since its founding in 1959. [US already has a 40% controlling vote and thus veto power] On September 12th a virtual meeting of the board of governors chose Mauricio Claver-Carone, the Trump administration's top official for Latin America, as the bank's president.

    And not just any American: A White House political appointee Mauricio Claver-Carone is a Cuban-American lawyer, an ally of Senator Marco Rubio, and former lobbyist who trafficked in highly partisan polemics. As an official at the National Security Council, Claver-Carone became known more for wielding punitive sanctions than for any deep expertise in development economics.


'Sapere aude'
by Oui (Oui) on Mon Aug 14th, 2023 at 12:07:17 PM EST
[ Parent ]
Replaced by the Biden administration



'Sapere aude'
by Oui (Oui) on Mon Aug 14th, 2023 at 12:08:04 PM EST
[ Parent ]

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