Andre Arauz News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ECUADORIAN presidential frontrunner Andre Arauz celebrated parliament’s rejection of a bid to privatise the country’s central bank on Monday as “a triumph for all the Ecuadorian people.”
The Bill submitted by President Lenin Moreno, which would also have allowed a $400 million loan from the International Monetary Fund (IMF), was rejected by the legislative administrative council (CAL) as unconstitutional for a second time.
The national assembly’s governing body ruled that the 84 reforms to the Organic Monetary & Financial Code contained 14 unconstitutional elements. 
If it had passed, the legislation would have put corporate-sponsored directors on the board of the Central Bank of Ecuador, leading to the privatisation of monetary policy. ....

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