New IMF Loans Require Austerity Programs in Ecuador

An additional US$6.5 billion loan from the IMF. In return, the Moreno government is stepping up its austerity measures considerably.

RIO DE JANEIRO, BRAZIL - The Ecuadorian government and International Monetary Fund (IMF) officials have agreed on further loans to the Andean country. This was announced in Washington by Ceyda Oner, chairperson of the IMF mission in Ecuador. According to the agreement, Ecuador will receive a total of US$6 . . .

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