Back

Weekly Report - 10 July 2008 (ISSN 1741-7422)

EL SALVADOR: New economy minister faces rough ride

President Tony Saca swore in a new economy minister last week after Yolanda Mayora de Gavidia departed in order to stand for director of the Central American secretariat for economic integration (Sieca). Her replacement, Ricardo Esmahán, faces the formidable task of persuading the Salvadorean electorate that the ruling Alianza Republicana Nacionalista (Arena) is capable of riding what Saca is describing as “the perfect storm" - a US slowdown combined with high food and energy prices. If he fails, there is a good chance that the left-wing opposition Frente Farabundo Martí­ para la Liberación Nacional (FMLN), guided by its moderate and charismatic candidate Mauricio Funes, will come to power next March.

End of preview - This article contains approximately 563 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.