Colombia’s Duque Names Alberto Carrasquilla As His Finance Minister

www.oann.com | 7/10/2018 | Staff
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BOGOTA (Reuters) – Colombian President-elect Ivan Duque on Wednesday named Alberto Carrasquilla as his finance minister when he takes office in August, and said he and the central bank agreed on the need to bolster economic growth and strengthen the middle class.

Carrasquilla was previously finance minister from 2003 to 2007 under former President Alvaro Uribe and was also a technical economist at the central bank and the Inter-American Development Bank. He will succeed Mauricio Cardenas, who is part of outgoing President Juan Manuel Santos’ administration.

Person - Issues - Tax - Issues - Budget

He is “a person who knows in depth monetary issues, tax issues, who knows very well the budget structure of the government and has a great capacity for communication,” Duque said of Carrasquilla in comments to reporters after a lunch with central bank members.

The 59-year old Carrasquilla faces the difficult task of pushing unpopular fiscal changes through a divided Congress – including an overhaul of the pension system – while helping stimulate weak growth and warding off a downgrade from credit ratings agencies.

Duque - Senator - President - June - Economy

Duque, a right-wing former senator who was elected president on June 17, has promised to bolster the $324 billion economy with tax cuts and support for extractive industries such as oil and coal, the country’s top exports. The government expects...
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