Washington - China's multimillion-dollar loans to Latin American governments have come to a standstill. No new state-to-state loans have been issued
Ecuador: Geplatzter Pakt von Correa mit rechten Kräften um Lasso und Nebot amerika21.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amerika21.de Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
(Updates with rally in Ecuadorean bonds)
QUITO, April 23 (Reuters) - Ecuador’s National Assembly approved a law late on Thursday granting autonomy to its central bank, a move celebrated by President Lenin Moreno’s government on Friday as a step toward economic stability.
Moreno’s market-friendly administration had pushed the reform as a way to prevent future governments from draining the bank’s reserves to finance public spending, a practice his allies allege was common during leftist former President Rafael Correa’s administration.
Economy Minister Mauricio Pozo said the measure would help protect Ecuador’s dollarized economic model.
The plenary of the National Assembly (Parliament) of Ecuador approved this Thursday with 84 votes in favor the controversial Law for the Defense of Dollarization, criticized by the opposition and expected by the government as a guarantee to strengthen this monetary system adopted by the country in 2000.