Marvin Rodríguez, new manager of Banco Popular, will receive a salary that exceeds¢16 million per month, if the same conditions as his predecessor Geovanni Garro, who held the position until Sunday, are maintained.
Rodriguez says that the presidential directive to cut wages does not include him. This means that his remuneration will exceed ¢9.5 million, which was put as a ceiling on the directive issued by the President of the Republic Carlos Alvarado, on May 30th.
That day, the president said that the commercial banks of the State and Banco Popular should apply measures as part of the cost containment policies to address the tax problem.
Alvarado supported the salary adjustment in article 5, subsection b) of the Law of the Financial Administration of the Republic and Public Budgets, which indicates that
The administration of the financial resources of the public sector will be oriented to the general interests of society, taking into account the principles of economy, effectiveness and efficiency, subject to the law.”