Guatemala Central Bank Names 5 New Top Managers
Guatemala's Monetary Board named five top central bank managers on 7 October, a week after former finance minister Jonathan Menkos took charge. The post Guatemala Central Bank Names 5 New Top Managers appeared first on The Rio Times .
A week after Jonathan Menkos assumed his role as head of Guatemala's central bank, the institution has undergone a complete management overhaul. The Monetary Board of the Bank of Guatemala (Banguat) accepted the resignations of four career staff members and appointed five new leaders on October 7th. All four new hires possess graduate degrees from American universities.
The board emphasized the intention to enhance technical expertise, administrative capabilities, and civil service. Menkos, an economist, began his four-year term on October 1st, replacing Álvaro González Ricci, who still attended Banguat's press conference as president on September 23rd. The bank declined to disclose the reasons behind the resignations.
The new management aims to bolster the bank's technical prowess and civil service while managing a projected budget deficit of 4.4% of GDP in 2027. The quetzal remained relatively stable at 7.642 per US dollar on October 8th, with remittance inflows from the United States totaling $20 billion from January to September 2026. Inflation stood at 4.69% in September, slightly above the bank's target range of 4% plus or minus one percentage point.
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