Showing posts with label wilma salgado. Show all posts
Showing posts with label wilma salgado. Show all posts

Monday, October 13, 2008

Ecuador's Correa Names Fourth Finance Minister; Correa Says "Mafia" Runs Finance Ministry


This is interesting to me, because I hold that the cover-up of Petroecuador's involvement in oil spills in the Amazon is directly connected to Ecuadorian Government corruption.  Here's Ecuador's own governor talking about such problems in his own government...

Ecuador president names fourth finance minister, slams predecessors for low public spending
Associated Press Newswires, September 17, 2008
QUITO, Ecuador (AP) - Ecuador has a new finance minister after the unexpected resignation of Wilma Salgado.
President Rafael Correa criticized Salgado Tuesday, accusing her of blocking his efforts to boost government spending on roads, hydroelectric and oil projects during her 10 weeks in office.

Correa said a "mafia" has run the finance ministry, "demonizing" public spending in order to use Ecuador's cash to service its foreign debt.

Ecuador has US$6 billion in foreign currency reserves, and Correa wants new finance minister Maria Elsa Viteri to tap that cash to triple public spending to US$300 million a month.

Viteri is Ecuador's fourth finance minister since Correa took office 20 months ago.