The appointment of the new Minister of Economy and Finance, Juan Carlos Vega Malo, did not cause major reactions on the financial market, so the country’s risk did not register significant changes.

While on November 15 the country’s risk reached a peak of 2054 points, after the visit of President Daniel Nobo Azín to the United States, on November 21 this indicator fell to 1921 points after the announcement that the appointment of the previously appointed Minister Sariha Moya will be reviewed. Now that the new name is known, another drop occurred, but only by 10 points. That is, it closed the week at 1915 points.

This Sunday, the entire economic plan of the Government appeared on the photo of the Cabinet, which was registered in Carondelet.

According to Santiago Mosquera, Dean of the Business School of the University of the Americas (UDLA), the foreign market experienced some confusion between President Daniel Noboa’s trip to New York and Washington and the decision not to appoint a minister who was in theory going to accompany him.

He comments that at first it was expected that the new appointment would be a person with more experience, not only in internal economic management but also in relations with foreign investors and who understands macroeconomic management. However, Minister Vega Malo, although he has academic knowledge in macroeconomics, cannot be identified as a person with experience in the public sector and at the level of the international market.

At this point, what one would expect, according to Mosquera, is to see the minister’s performance on a number of very complex issues that need to be resolved.

For Mosquera, the minimal decline in country risk is simply the result of a market problem, unrelated to the minister. In fact, a slightly more pronounced change could be seen when the content of the reform is known. tax.

According to Nathaly Farinango (ADN), the president of the Commission for the Economic Regime of the Assembly, as is known, the law would arrive on November 28 of this year.