IMF backs Ecuador tax reform, remains 'closely engaged' with government- Reuters – The Amazon Post

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IMF backs Ecuador tax reform, remains ‘closely engaged’ with government- Reuters

Date: Dec 2, 2019

The International Monetary Fund said passage of recently proposed tax reform would facilitate the soon-to-be-completed reviews of its financing program with Ecuador.

“The tax reform recently submitted to the legislative assembly will help strengthen government finances and make the tax system simpler and more growth-friendly,” said IMF spokesperson Gerry Rice after Managing Director Kristalina Georgieva met with Ecuador Finance Minister Richard Martinez on Tuesday.

“The passage of this reform by the National Assembly will be an important milestone for the government’s program supported by the IMF and would facilitate the combined second and third reviews of the program to be completed soon.”

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