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

Costa Rica Explains VAT Refunds for Hotel Stays Abroad

Travelers paying for overseas accommodation through certain booking platforms with Costa Rican credit or debit cards can face an automatic 13% VAT charge, even...

Costa Rica’s Pacific Waters Reach Unusually High Temperatures

Ocean temperatures along Costa Rica’s Pacific coast are running unusually high, with researchers recording water up to 2°C (3.6°F) warmer than normal in some...

Snoop Dogg Announces First Ever Costa Rica Concert

Snoop Dogg will perform in Costa Rica for the first time on Thursday, December 3, at the Centro de Eventos Pedregal in Belén de...

Route 1 at Cambronero Closed for up to Two Months After Bridge Damage

If your drive west runs through Cambronero, plan on going another way for a while. The Ministry of Public Works and Transport says the...

Costa Rica Tourism Drivers Protest Possible Airport Access for Ride-Hailing Apps

Tourism transportation operators plan to demonstrate outside Casa Presidencial tomorrow over a possible change to legislation that could allow Uber-type ride-hailing services to operate...

Costa Rica Free Zones Lose Jobs for First Time in Seven Years

Employment in Costa Rica’s free-zone regime fell year over year in July for the first time in seven years, ending a long stretch of...

Costa Rica Sharks Get Cameras Built by Stanford Students

Scientists at the University of Costa Rica have strapped small cameras to nurse sharks in a protected Guanacaste bay, and what the animals are...

Lawmakers Question Cuts to Quake and Volcano Monitoring Hours Before Uvita Tremor

Legislators on the Legislative Assembly's budget committee are challenging a reduction in 2027 funding for the scientific networks that monitor earthquakes, volcanoes and weather...

A Bill Written for Route 32 Landslides Could Change National Park Law

The University of Costa Rica has recommended that lawmakers reject a bill easing construction inside national parks, warning its wording reaches far beyond Route 32.
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel