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Ecuador Political News

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

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.”

To read the full article on Reuters, click here.



#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:
DENIED: @SCOTUS rejects hearing case of Steven Donziger, who bribed Ecuadorian judge in failed effort to bilk Chevron for billions of dollars.

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