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El Salvador's economy minister quits in rift with Funes

Monday, April 30, 2012

El Salvador's economy minister, Hector Dada, quit on Friday citing discrepancies with President Mauricio Funes over the economic direction of the nation.

El Salvador failed to meet some public spending goals in 2011, which led the International Monetary Fund to suspend a $750 million loan to the country last week.

Funes appointed deputy commerce and industry minister Armando Flores to succeed Dada.

Source: Reuters