Juan Alberto Fuentes Knight resigned to the Finance Ministry; he is unhappy with the little progress made in tax matters.
In a press release, Knight commented the positive things achieved in his tenure, which include the creation of a transparency vice ministry, four information websites, and improving Guatemala’s standing in the International Transparency Ranking by 12 spots. He also noted that Moody’s improved the country’s risk rating, and that they avoided an economic recession.
The country's 2007-2008 Human Development Report will be presented today by the United Nations Development Program (UNDP).
Slight economic growth in the country between 1980 and 2007 and unresolved social problems involving inequality and poverty "demonstrate how the Guatemalan economic model has failed", the Report states.
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Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467