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Weekly Report - 18 September 2008 (ISSN 1741-7422)

ECUADOR: Correa jettisons fourth finance minister

President Rafael Correa's latest finance minister lasted scarcely more than two months in the job. Wilma Salgado, who took over from Fausto Ortiz on 8 July, ostensibly resigned because of differences with her deputy, Marí­a Elsa Viteri, who replaces her in the post. Correa left it in little doubt that she had been forced out. He said Salgado had been inveigled by “the mafias entrenched in the ministry" into telling the press that projects planned to implement the constitution in 2009 would cost in the region of US$2bn. He said that they would cost no more than US$200m, and that the ministerial “mafias" were trying to boost the “no" campaign ahead of the referendum on the new constitution on 28 September.

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