Andean Group - January 2008 (ISSN 1741 - 4466)

Venezuela's new finance minister, Rafael Isea, said that curbing inflation will be the government's priority in 2008. The rate hit 22.5% last year - the highest rate by far in Latin America. Isea, who was only appointed to the cabinet on 4 January, did not go into details of how he intends to curb inflation, but said that the government wants to halve the rate to 11% in 2008. In 2007 the government set a target of 12%.

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