The New Salvadoran Economic Team

Federico Colorado, president of the National Association of Private Enterprise, welcomed the appointments announced by the president-elect.

Wednesday, May 27, 2009

Economist Alexander Segovia will be technical secretary to the presidency, legislator Héctor Dada Hirezi will be Minister of the Economy, economist Carlos Cáceres will be Finance Minister and economist Carlos Acevedo will be president of the Central Bank. Legislator Gerson Martínez will head Public Works and economist Manuel Sevilla will be Minister of Agriculture. In addition, electrical engineer German Rosa Chávez will be Minister of Environment and Natural Resources.

Daniel González Choto wrote in his article in Elfinancierocr.com: "In the eyes of some representatives of various productive sectors of the country, most of the newly appointed heads of the new economic cabinet are all professionals with a recognized academic trajectory, who will know how to lead the country’s economic activity."

More on this topic

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.

El Salvador: Industrialists and Government Present Plan

October 2011

Economy Minister Hector Dada and the president of the Salvadoran Association of Industrialists Javier Siman, have released a document entitled "Industrial Policy 2011-2024."

A press release by the President of El Salvador reads:

Government and businesses back new industrial policy as a tool for economic development

Salvadoran Economy Will Remain Dollarized

April 2010

This was stated by Carlos Acevedo, president of the Central Bank, in response to a proposal to return to the Salvadoran colón.

Acevedo added that President Mauricio Funes committed to keeping the country dollarized in his presidential campaign, reaffirming it many times afterwards.

El Salvador: Negotiations for Compensating Exporters

August 2009

The government is trying to compensate exporters for the loss of the 6% tax incentive dubbed 'drawback'.

Silvia Cuéllar, Coexport director, sees the loss of the incentive as "losing competitiveness".

Alexander Segovia, from the presidency, heads the negotiation with the private sector, together with Economy Minister Héctor Dada.

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