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Ecuador may accept IMF help to reduce deficit, international debt – Reuters

Date: Jan 24, 2019

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.

The country will seek the funds if it can come to an agreement with the organization to back President Lenin Moreno’s “prosperity plan”, which includes support for the poor, the minister said, after Moreno met with IMF chief Christine Lagarde at the World Economic Forum.