Luis Velázquez New Minister of Economy of Guatemala

The businessman Luis Velazquez has replaced the economist Erick Coyoy in the management of the Ministry of Economy.

Thursday, May 12, 2011

Luis Velázquez thus becomes the fifth economy minister during the government of President Alvaro Colom.

"The new minister dismissed the politicization of micro-credit programs implemented by the Ministry." noted an article in Elperiodico.com.gt

For his part, Echeverría Coyoy Érick will represent Guatemala at the Central American Bank for Economic Integration (BCIE).

More on this topic

Guatemalan Economy Minister Resigns

June 2010

President Alvaro Colom accepted the resignation of its Economy Minister Rubén Morales.

Morales had been the head of the ministry since March 2009. The reasons for his resignation are not yet known.

“Colom confirmed Morales’ resignation, although there is no official explanation as to why. Authorities will proceed with the required procedures at the Presidential General Secretary”, reported newspaper Prensa Libre.

New Economic Team Introduced in Guatemala

January 2012

Streamlining business registration and reducing costs are the main goals of the next Guatemalan Minister of Economy and his team.

Sergio de la Torre, a Guatemalan businessman and the new finance minister, introduced his team, made up of people associated with the private sector in that nation.

New Minister of Economy in El Salvador

April 2012

Armando Flores, until recently the Deputy Minister for Trade and Industry, has replaced Hector Dada Hirezi.

Dada Hirezi belongs to the Democratic Change party, which forms the current government coalition.

A statement from the Ministry of Economy reads:

The president, Mauricio Funes has sworn in, this April 27th at the Presidential House, Mr.

Hesmahán takes over as economy minister in El Salvador

June 2008

Ricardo Hesmahán has taken over from Yolanda Mayora as economy minister of El Salvador. Mayora resigned to take up the post of secretary-general of the Secretariat for the Economic Integration of Central America (SIECA).

Hesmahán, a businessman, was sworn in by President Elías Antonio Saca. Since late 2003, Hesmahán had been president of El Salvador's National Chamber of Farming and Agri-business (Camagro).

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