Ecuador Names Diego Martinez as New Central Bank President
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Diego Martinez, a 34-year-old economist, will head Ecuador’s central bank after President Rafael Correa pressured his cousin Pedro Delgado to leave the post following his admission he faked his university degree.
Martinez, Correa’s sixth central bank president since he took office in 2007, will replace Economic Policy Minister Jeannette Sanchez, who held the post on an interim basis since Delgado resigned in December, according to a statement on the Presidency’s website today. Martinez was previously the sub-secretary of the country’s education secretariat and also worked as an official at the planning and development secretariat.