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UPDATE 1-Ecuador approves law granting autonomy to central bank

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.

Ecuador approves law granting autonomy to central bank

Ecuador approves law granting autonomy to central bank April 23, 2021 (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

Ecuador shuns socialism with Lasso s surprise election

Ecuador shuns socialism with Lasso s surprise election Ecuadorean banker Guillermo Lasso and his wife Maria de Lourdes Alcivar react after Lasso wins the presidential runoff vote, in Guayaquil, Ecuador April 11, 2021. REUTERS/Maria Fernanda Landin reuters tickers This content was published on April 12, 2021 - 07:32 April 12, 2021 - 07:32 By Brian Ellsworth and Alexandra Valencia (Reuters) - Ecuadorean banker Guillermo Lasso unexpectedly won the nation s presidency on promises to revive an economy battered by coronavirus as his rival s vows of a return to socialist largesse failed to win over a skeptical electorate. Lasso took 52% of the vote in the runoff following a campaign that pitted free market economics against the social welfare plans of economist Andres Arauz, a win likely helped by a ballot spoiling campaign that left one in six ballots void.

Vas directo, sin escalas, al basural de la historia : La reacción del canciller venezolano al discurso del presidente Lenín Moreno

Vas directo, sin escalas, al basural de la historia : La reacción del canciller venezolano al discurso del presidente Lenín Moreno
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