Uribe Makes Key Appointments
Colombia's President-elect Alvaro Uribe has chosen Roberto
Junguito to be his finance minister. Junguito was Colombia's
representative to the International Monetary Fund and an
economist at Bogotá's Los Andes University. Junguito has
a long record of public service. He was Colombia's finance
minister in 1984-1986, when he implemented fiscal and exchange
rate reforms required by the IMF. He was director of the
Central Bank from 1991 to 1999. Now, he must make key tax
reforms, secure up to $3 billion in fresh loans from
multilateral lenders and keep the country's debt-to-GDP level
under control. Uribe has said he wants to double spending on
the military campaign against the country's guerrilla armies
and increase spending on social programs too. One of
Junguito's first tasks is to extend a $2.7 billion Extended
Fund Facility accord with the IMF that expires in October, two
months after the...
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