Alfredo Rolando Del Cid Pinillos is the new Finance Minister, replacing Edgar Balselles.
Edgar Balselles told the press that his dismissal was motivated by his refusal to accept the government's financial policy.
Balselles had replaced Juan Alberto Fuentes Knight at the Ministry, a renowned economist, who in turn resigned in June due to opposition from the business sector to accept a tax reform says the article in Prensalibre.com.
The International Monetary Fund (IMF) report sheds a positive light on the country's macroeconomic situation and the stability of its financial system.
A staff team from the International Monetary Fund (IMF) visited Guatemala during August 17-26, 2010 to conduct the fourth and final review of the Stand-By Arrangement approved in April 2009. The mission met with Minister of Finance Edgar Balsells; Central Bank Governor María Antonieta de Bonilla; Superintendent of Banks Edgar Barquín; other senior government officials, and representatives of the private sector.
The government will not insist on the approval of tax reform this year due to the current fiscal defecit.
Édgar Balselles, recently appointed Minister for Public Finances, announced the decision.
La Prensagrafica.com reports comments from the Minister: "We plan to have a well developed proposal with short, medium and long term measures ready for 2011".
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