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Weekly Report - 31 October 2013 (WR-13-43)

GUATEMALA: Finance minister quits

The opposition appears to have won a key battle. Earlier this month, Finance Minister Pavel Centeno, a key architect of President Otto Pérez Molina’s February 2012 fiscal reform, stepped down. Centeno’s departure signals a victory for the traditional business elite which has lodged various challenges to the reform, leaving considerable uncertainty as to its efficacy. It could go some way towards unblocking the impasse in the 158-member unicameral legislature (in which Pérez Molina’s Partido Patriota [PP] has just 57 seats) which has intensified over the year, stalling the President’s legislative agenda.

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