Ecuador has reached a $4.2 billion staff-level financing deal with the International Monetary Fund (IMF), President Lenin Moreno said on Wednesday, as the Andean country grapples with a large fiscal deficit and heavy external debt.
The Ecuadorean movement Citizen Revolution (RC) gave on Tuesday a press conference led by former Foreign Affairs Minister Ricardo Patiño, to launch a recall process against the Ecuadorean president, after “denouncing a corruption plot that involves President Lenin Moreno and his family.”
The International Monetary Fund and the government of Ecuador have launched formal talks about a potential financial bailout for the South American country, which needs funds to cover a budget deficit and pay debt holders.
“We have come to present documents that justify our complaint for the biggest robbery against the economy of the country.” With those words, Julio César Trujillo, head of the transitory Citizen Participation Council, was presented today, February 11, 2019, in the Office of the Prosecutor.
The President of the Republic, Lenin Moreno, created the Anti-Corruption Secretariat and appointed Iván Granda Molina, former Secretary of Political Action, as its holder. The provision was made effective by executive decree 665, which also established the powers of the entity.
The former legal secretary of the Presidency would have received $ 4.8 million for bribes from Odebrecht. The intermediary would be Carlos Pareja Cordero. The Prosecutor’s Office clarified on Monday, February 4, that he will not release Alexis Mera from investigations into the case of Odebrecht bribes.
Ecuador’s private sector banks are bracing for what could become a prolonged period of slow loan growth due to the country’s severe economic and fiscal problems. As a result, its economy is set to be among the worst performers in Latin America and the Caribbean during 2019-20, as President Lenín Moreno struggles to change the nation’s state-led economic model to one driven by the private sector.
Atamaint said Ecuadorean election processes have changed and that international observers are no longer permitted to interview officials, either national or partisan.
Prohibition of leaving the country and periodic presentation every eight days before the subrogated president of the Provincial Court of Justice of Guayas is what ordered this Wednesday the national judge Ivan Saquicela against the former vice-president of the Republic María Alejandra Vicuña, within the instruction that will last 90 days for the crime of concussion.
Ecuador may use financing from the International Monetary Fund (IMF) to balance its budget, as the South American country seeks to reduce a swollen fiscal deficit and its international debt, the finance minister said on Wednesday.
Venezuelans who want to enter Ecuador will now have to present an official document showing any brushes with the law, the government announced Monday, two days after the killing of a 22-year-old woman sparked a wave of unrest against migrants.
Julian Assange has said he has been spied on and that details of his daily life have been sent to the FBI in the United States. United States officials spoke with officials from Ecuador’s British embassy Friday about an alleged meeting between President Donald Trump’s former campaign manager, Paul Manafort, and WikiLeaks founder Julian Assange, an Ecuadorean government source said.