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Ecuador Political News

Ecuador to issue $400 mln bond to finance social housing project- Reuters

 Ecuador is planning to sell a bond worth $400 million to fund the country’s social housing project, a source familiar with the matter said on Tuesday, as the government attempts to revive its economy with investments in the construction sector.

The bond will be backed by the Inter-American Development Bank.

The country’s social housing fund offers loans at subsidized interest rates to middle-income Ecuadorians.

Ecuadorian President Lenin Moreno has struggled to stabilize the country’s fiscal deficit and comply with an IMF financing agreement, withdrawing a fuel subsidy cut in October that had sparked days of violent protests led by indigenous people.

To read the full article on Reuters, click here.

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#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon. https://t.co/7TqQ6sJhik
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… https://t.co/soQ1qreULA
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: https://t.co/5eac0lRmN7
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:
https://t.co/7TqQ6sJhik
DENIED: @SCOTUS rejects hearing case of Steven Donziger, who bribed Ecuadorian judge in failed effort to bilk Chevron for billions of dollars. https://t.co/zT0dlozk5R

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