No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsLatin AmericaNicaragua's Ortega sacks Central Bank president

Nicaragua’s Ortega sacks Central Bank president

Nicaraguan Central Bank President Alberto Guevara was fired Monday for reasons that haven’t yet been made public, an official source said.

Presidency spokeswoman and First Lady Rosario Murillo said Guevara would leave the Central Bank and fill a different governmental role, although she didn’t say which one. Murillo said the decision was made by President Daniel Ortega.

Ovidio Reyes, who served as a Central Bank manager, will replace Guevara, Murillo said.

Guevara took over as head of the bank in February 2012 following the removal of his predecessor, Antenor Rosales, amid rumors that he disagreed with the Ortega administration on economic policies.

Before serving as the bank’s president, Guevara had served as finance minister since 2007, when Ortega returned to office. He oversaw negotiations with the International Monetary Fund, which resulted in a positive rating for the country’s economy by that institution.

Trending Now

U.S. Travel Advisory Highlights Costa Rica as a Safer Choice in Central America

The latest U.S. State Department travel advisory update provides a fresh look at how safe American travelers are likely to be across Central America...

Panama to Begin Resettlements for Indio River Reservoir Next Year

The public agency that operates the waterway plans to build a 4,600-hectare reservoir on the Indio River, west of the existing route, to store...

Costa Rica Blocks Tárcoles Crocodile Deck Permits as Officials Push Back

Controversy has erupted over construction of a crocodile viewing deck next to the bridge that spans the Tárcoles River in Garabito. Environmental lawyer Walter...

Costa Rica Faces Growing Calls to Restrict Social Media Use Among Children

A landmark jury decision in California is sending shockwaves through the global tech industry, and its ripple effects are now being felt in Costa...

Costa Rica President Elect Laura Fernández Backs US Migration Deal

President-elect Laura Fernández defended Costa Rica’s new migration agreement with the United States on Tuesday, arguing that the deal gives the country flexibility while...

Gauff Storms Into Miami Open Final With Dominant Display

Coco Gauff powered into the Miami Open final on Thursday with one of her sharpest performances of the tournament, overwhelming Karolina Muchova 6-1, 6-1...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica