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Ecuador Political News

IMF poised to approve over $500 million in pandemic aid for Ecuador- Reuters

The International Monetary Fund’s executive board is scheduled on Friday to consider Ecuador’s request for emergency financing to fight the coronavirus pandemic, the IMF’s website said, a sign that approval of some $500 million in aid is imminent.

Setting a firm date for board consideration usually indicates that the proposal is slated for approval, according to sources familiar with the process.

Ecuadorean Finance Minister Richard Martinez last month said the cash-strapped Andean nation had reached a deal with the IMF for $500 million in financing. IMF officials this month said they were working to process the request as soon as possible.

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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