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Colombia will leave Brazil’s group at the International Monetary Fund (IMF) and join one headed by Mexico as part of a reshuffle at the lender’s board of directors, central bank chief Jose Dario Uribe said.
“It’s a group where there’s a receptivity towards a country like Colombia, where there are great historical and commercial ties,” Uribe said in an interview in Tokyo today, where he is attending the IMF’s annual meetings. “It’s a group, without doubt, of interest.” Nicaragua, Cape Verde and East Timor will be added to Brazil’s constituency, according to an IMF document obtained by Bloomberg News.
Brazil has been...