July 24, 2008
Robert Andrade, president of Ecuador’s central bank, resigned Wednesday for
Robert Andrade, president of Ecuador’s central bank, resigned Wednesday for unknown reasons. The banker was at the helm of institution for only six months. Ecuador’s Constitutional Assembly appointed agricultural minister Carlos Vallejo Lopez to the board of the central bank to replace Andrade’s spot there, but has not named a new president. The Correa administration and the central bank have been at odds regarding official economic data charting the country’s growth.