ECUADOR – AGAIN UNDER THE YOKE OF THE IMF
On 28th August of 2020 Ecuadorian President Lenin Moreno announced on his Twitter account “a technical agreement with the IMF to access 6.5 billion dollars for social protection and reactivation”. After passing an anti-corruption law required by the agency, they have already reached an agreement for the disbursement of the first 2 billion, which the president rushed to celebrate on the networks. It is a new loan from the IMF in addition to the one for 200 million dollars and that … Read more