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Balsells handled hot potato of Guatemalan finances

Friday, June 25, 2010

Guatemalan President Alvaro Colom will name Edgar Balsells as finance minister after Alberto Fuentes resigned from the post upon failing to gain support for new tax rules.

Balsells is the country’s representative at the Central American Bank of Economic Integration.

Fuentes quit Thursday after he couldn’t generate backing among business leaders and lawmakers for fiscal changes sought by Colom.

Original source: Bloomberg