Edgar Ayales sworn in as finance minister

May 2, 2012

President Laura Chinchilla on Tuesday swore in Edgar Ayales as finance minister in a brief ceremony at Casa Presidencial, in the southeastern San José district of Zapote.

Ayales will focus on containing public spending, boosting foreign investment and improving tax collection, Chinchilla said. He will also push for new laws to reign in government spending and curb the country’s growing fiscal deficit, following a failed fiscal reform package promoted by the president.

“As finance minister, I want to build bridges and find solutions,” Ayales said. “Although it is now harder to reach consensus, I hope to reconcile combative positions, and with my contribution, to give the country a little bit back of what it has given to me and my family. The challenge is big, but I can contribute to achieving these objectives in the two remaining years of this administration,” he said.

Ayales’ experience includes designing macroeconomic programs for Central American countries, and participation on the boards of international organizations such as the International Monetary Fund, World Bank and the Inter-American Development Bank. He also was deputy director of the IMF’s Statistics Department for more than a decade.

He replaces Fernando Herrero, who resigned April 2 amid a scandal over alleged tax evasion and insider deals with government institutions.

You may be interested

Jean Marc Calvet, part III: Leaving Marco behind
Artists
207 views
Artists
207 views

Jean Marc Calvet, part III: Leaving Marco behind

Elizabeth Lang - May 18, 2018

This is the story of Nicaraguan-based French artist Jean Marc Calvet: a man whose complex life, obscurities and misfortunes overwhelmed…

Traditional masks
Tico Times Pic of the Day
215 views
Tico Times Pic of the Day
215 views

Traditional masks

The Tico Times - May 18, 2018

Creating masks out of balsa wood, carved by their own hands and based on the their community's traditions, the Brunca…

Through adaptive surfing, disabled athletes conquer Costa Rica’s waves
Changemakers
281 views
Changemakers
281 views

Through adaptive surfing, disabled athletes conquer Costa Rica’s waves

Ellen Zoe Golden - May 18, 2018

Part I of III. Costa Rica already maintains a stellar reputation as a surfing destination. According to Carlos Brenes of…