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Ecuador Political News

Ecuador lawmakers reject president’s proposed economic reforms- Reuters

Ecuador’s National Assembly on Sunday rejected a package of tax and monetary reforms proposed by President Lenin Moreno, a new setback in his efforts to reduce the country’s burdensome fiscal deficit.

The reforms stemmed from a loan agreement the government reached in February with the International Monetary Fund (IMF) for about $4.2 billion.

“With 70 affirmative votes, the National Assembly plenary decides to deny and archive the economic growth bill,” the legislature said on Twitter.

The government’s bill aimed to improve tax collection through the increase of some taxes and a special contribution for companies with revenues of more than $1 million annually.

To read the full article on Reuters, click here.



Members of indigenous communities in the Amazon in Ecuador would like to know: What happened to the more than $20M reportedly raised on their behalf by now-disbarred NY lawyer Steven Donziger? #FollowtheMoney
#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.
The @WSJ sums this case up nicely, “[Steven Donziger] and his team fabricated evidence, promised $500,000 to an #Ecuadorean judge to rule in their favor, ghostwrote much of the final verdict and took other actions that ‘perverted’ the course of #justice. Mr. Donziger disputes the…
Shameless. Disbarred and convicted of criminal contempt of court for bribing an Ecuadorian judge in an attempted extortion scheme, @SDonziger is nonetheless accepting invitations to speak at #climate rallies. Read more about this adjudicated racketeer:
Sworn testimony: While Texaco met its environmental obligations in the Amazon, #Ecuador’s national oil company did “absolutely nothing” to address its own remediation in the area. #FactsMatter:

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