President Otto Perez Molina has not accepted the resignation of Finance Minister Pavel Centeno, who will reconsider his resignation.
From an article in Diario de Centroamérica by Maby Lopez:
In the face of constant challenges from the leader of the opposition, Finance Minister, Pavel Centeno, resigned yesterday morning from his post, in order to put an end to the blackmail he was subjected to by this group. However, by the afternoon, President Otto Perez Molina said he would not accept the resignation, and emphasized that he would not allow the aforementioned group to commit "extortion."
"There are so many problems that I feel that what should be done is an agricultural plan, but not for 5, or 10 years, but for 20 years."
The Panamanian agricultural sector has not fared well in recent years, recording a steady decline in sales for both the external and internal market , where lack of productivity has been offset by massive imports.
Otto Perez, president elect of Guatemala, has appointed Sergio de la Torre as the future Minister of the Economy.
The president-elect said of the decision: "In the past 8 years Sergio de la Torre has been a member of the Monetary Board, he is a business manager and a businessman. He has always been involved in the country’s economic development."
Frank De Lima, who until now has been the vice minister, will replace retiring Alberto Vallarino, and will continue with the current economic policy, according to President Martinelli.
The breakdown of the alliance between the Panamanian Party of Vice President Juan Carlos Varela and President Martinelli’s Democratic Change Party, caused the resignation of Economy and Finance Minister Alberto Vallarino and others in prominent government positions.
The resignation of the Minister of Economy and Finance has caused global concern about the stability of the country's economic direction.
The recent rupture of the alliance between the ruling Democratic Change party and the Panameñista party following the dismissal as Foreign Minister of Juan Carlos Varela, Vice President and President of the Panamanian Party, sparked a series of immediate resignations, including that of the Minister of Economy and Finance, Alberto Vallarino.
Martinelli has appointed a producer as a second in command to the sector’s ministry.
Amid the differences that have arisen between farmers and the government, which has led the former to require, among other things, a cessation of onion and potato imports, the government has announced the appointment of a producer to the position of Vice Minister of Agricultural Development.
Mahesh Khemlani was appointed by the president, Ricardo Martinelli, as Deputy Minister of Finance under Decree 135 of August 31, 2011.
Deputy Khemlani, who replaces the deputy Dulcidio De La Guardia, was until his appointment, the Director of Public Credit, responsible for ensuring efficient programming, use and control of the means of financing obtained through public credit operations.
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