President Chinchilla names Edgar Ayales as new finance minister
President Laura Chinchilla on Tuesday appointed Edgar Ayales as the administration’s new finance minister. Ayales replaces Fernando Herrero, who resigned April 2 after the daily La Nación reported he had underpaid his property taxes.
Chinchilla said Ayales, an economist, “guarantees strength, [and] sends a message of experience and security because of his track record.”
Ayales’ experience includes serving as executive director of the Inter-American Development Bank, alternate executive director of the World Bank and the bank’s manager of macroeconomic projects in Brazil, Suriname and Angola.
President Chinchilla also announced that Carlos Vargas, a Finance Ministry official, will take the helm of the Tax Administration, after former director Francisco Villalobos resigned April 3 when it was discovered that he had failed to pay ₡1.8 million ($3,600) in income taxes from 2008.
You may be interested
Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, CanadaGustavo Díaz Cruz - December 14, 2017
My mom named me Gustavo Adolfo. I was born in Puntarenas, next to the sea, but my home was in…
Response to disaster: aid successes, struggles in post-Maria Puerto RicoJohn McPhaul - December 13, 2017
As Costa Rica joins many other nations in looking back upon the horrendous 2017 hurricane season, longtime Tico Times contributor…
Looking back at Hurricane Maria: the initial impactJohn McPhaul - December 12, 2017
As Costa Rica joins many other nations in looking back upon the devastating 2017 hurricane season, longtime Tico Times contributor…