Following an IMF directive, Moreno moves to restrict the use of Central Bank reserves, angering Arauz

Ecuador’s government has introduced a bill to the National Assembly that would bar the country’s central bank from using its international reserves to finance public spending, a change recommended by the International Monetary Fund (IMF). The South American country last year reached a $6.5 billion deal with the IMF, sorely needed cash for the oil-producing … Continue reading Following an IMF directive, Moreno moves to restrict the use of Central Bank reserves, angering Arauz