Sieca Named New Director

Following the resignation of Yolanda Mayor, Ernesto Torres Chico was appointed director of Comieco.

Friday, January 14, 2011


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The foreign ministers of El Salvador, Honduras, Nicaragua and Guatemala, and the ministers of Comieco, except Costa Rica, accepted the resignation of Mayora de Gavidia as director of the Central American Economic Integration Department (SIEC).

Erick Coyoy, Minister of Economy of Guatemala, told La Prensa Libre, "She (Yolanda Mayora) stated in the resignation, that there was a decision ratified by four governments regarding her continuation in office and made her job available."

Salvadoran Ernesto Torres Chico has been advisor for over 20 years to the Central American Integration System.

More on this topic

Costa Rica Files Appeal for Reinstatement in SIECA Case

January 2011

The Government filed a motion to rescind the appointment of Ernesto Torres Chico as head of SIECA.

"What we're asking for is the application of due process, transparency and respect for institutions, so not to impose a Secretary General in violation of the procedures and mechanisms established in the Central American instruments" said Minister of Foreign Trade, Anabel González.

Businesses Reject Current SIECA Head

April 2011

The Federation of Central American Chambers of Commerce (FECAMCO in Spanish) demands that a new SIECA head be appointed in line with the relevant institutional guidelines.

A press release by FECAMCO states that, "the institutional foundations of Central American integration have been weakened by the failure of proper legal procedures to be followed in the appointment of the head of the Secretariat of Central American Economic Integration (SIECA)".

Transparency Requested in SIECA Finances

February 2011

The trade Minister of Costa Rica said that the "better governance process" in SIECA, initiated by Yolanda Mayora, had "raised antibodies" at the regional institution.

There is no doubt that the economic future of Central America and the possibilities of development of its people are linked to regional integration, starting with all which refers to the free exchange of goods and services and the ability to be presented to the world as a single block.

SIECA Institutional Crisis

February 2011

The Central American Chambers of Commerce Federation called to suspend financial aid to SIECA.

In replacing Yolanda Mayora at the direction of the Central American Economic Integration Department (SIECA), FECAMCO issued the following statement:

"After 50 years aiming at regional integration in Central America, recent events in the Central American Economic Integration Department and the actions of the COMIECO Ministers as well as the Presidents of the region have deeply weakened the institutional foundations of our integration, violating legal procedures and, especially, breaking the spirit of integration of the institution which oversees the progress of this historical regional unity.

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The Central American Business Council is a London-based organisation which is working to increase significantly the current levels of trade and investment between the UK and Central America.
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