He was the Minister of Treasury of El Salvador in the first months of Armando Calderón Sol's Presidency[1][2] Ricardo Francisco Javier Montenegro Palomo was born on November 9, 1949, in West Lafayette, Indiana, while his father was a student at Purdue University.
The former was the eldest son of Dr. Manuel Palomo Cuellar, one of the founders of the Salvadoran Red Cruz, and Angela Trabanino González.
Angela was the eldest daughter of José Antonio González Portillo, the mayor of Santa Tecla, El Salvador who served several terms.
[3] In 1991 Ricardo Montenegro Palomo was named President of CCIES (Chamber of Commerce and Industry of El Salvador) a title he held until 1993.
[5] Ricardo Montenegro Palomo was part of the Salvadoran delegates that participated in the 1992 Peace Talks at Chapultepec Castle in Mexico City.