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Ecuador commits to IMF to reduce public spending by 3.5% of GDP

RIO DE JANEIRO, BRAZIL - The International Monetary Fund (IMF) made public this Thursday, October 7, the technical report on the economic situation of the country, known as Staff Report, and the renegotiated financial support agreement.

This is after the technical agreement reached with Ecuador in early September to deliver US$2.5 billion between 2021 and 2022. The document establishes a series of commitments that the government made as part of the financing.

Read also: Check out our coverage on Ecuador

Among them is the commitment to . . .

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