The president of the Central Bank of Ecuador, Pedro Delgado, received this occupation when he only had legally registered his bachelor title. Afterward he was named as a representative of Ugedep through a executive decree 934 on November 10, 2011, signed by the Ecuadorian president Rafael Correa Delgado, his cousin.
The document states: “Article Three.- Designated the Economist Pedro Delgado Campana as deputy of the Ecuadorian President Rafael Correa in the Board of the Central Bank, giving him the presidency of such entity.”
In that date, Delgado did not fulfill the necessary requisites of the charge. According to the Act of the Monetary Regime, in order to be a member of the Central Bank board all the requisites must be fulfilled as if it were for a manager position in the institution. One of them, clearly established in article 69 of the bill, is to have a third degree university title by a superior education academy in Ecuador or foreign lands, in a career related to the office to carry out.
During the trial carried out by Ecuador in Miami against the brothers William and Roberto Isaias, Delgado finally admitted in the questioning under oath, that he never obtained a university title in any institution of superior education.