Ecuador Central Bank governor resigns over fake degree

President Rafael Correa President Correa has often accused the Ecuadorean media of bias against his left-wing policies

Related Stories

The governor of the Central Bank of Ecuador has resigned after admitting that he lied about having a degree in economics.

Pedro Delgado apologised for providing false information when he applied to a business school more than 20 years ago.

He finished his masters degree there, but the business school - Incae - discovered he'd lied in his application and informed the government.

Mr Delgado had been in the post since November 2011.

"I have to admit that I have made a serious mistake 22 years ago which is costing me very dear," he said on television on Wednesday night.

In his application form to join the Incae business school, in Costa Rica, Mr Delgado said he had a degree from Ecuador's Catholic University.

Opposition MP Enrique Herreria denounced him to the Prosecutor's Office last month, based on the business school findings.

'Blow to revolution'

President Rafael Correa, who is Mr Delgado's cousin, promised to investigate.

"A very hard day. We can confirm that Pedro Delgado had presented a fake degree at Incae," he tweeted.

"It has been a big blow to the revolution," he said, referring to his left-wing programme of government.

The president had previously accused the media in the South American country of carrying out a campaign against his government.

Mr Delgado rejected other accusations of illegal financial operations with Iran, which he said were an attempt to smear the president.

"Nothing has been found out because all these accusations were fabricated to damage the image of the one who leads the revolution," he said.

Ecuador's economy, which is largely based on oil and remittances from the US and Spain, is expected to grow by 5% in 2012.

Mr Correa has been in power since 2007 and already been re-elected once - the first such success for an Ecuadorean president in more than 30 years.

He is running for re-election in February.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Latin America & Caribbean stories

RSS

Features

  • Baby being handed overFraught world

    The legal confusion over UK surrogate births


  • Bad resultsBlame game

    The best excuses to use when exam results don't make the grade


  • Police respond to a shooting in Santa MonicaTrigger decision

    What really happens before a police officer fires his gun?


  • Child injured by what activists say were two air strikes in the north-eastern Damascus suburb of Douma (3 August 2014)'No-one cares'

    Hope fades for Syrians one year after chemical attack


  • Lady AlbaGoing Gaga Watch

    Social media's use ahead of the independence referendum


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.