End of preview - This article contains approximately 462 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Weekly Report - 01 August 2024 (WR-24-30)
ECUADOR: IMF deal facing challenge in congress
The US$4bn deal that Ecuador reached with the International Monetary Fund (IMF) in May was a financial lifeline for President Daniel Noboa, averting the risk of default and giving more time for the benefits of his government’s tax reform to be felt. However, the deal has faced criticism in Ecuador, not least due to the IMF’s call for fuel subsidies to be reined in as part of a package of cost-cutting measures [WR-24-24]. The agreement is now facing a new threat in the national assembly, after a congressional commission urged legislators to revoke the deal and block further debt repayments to the IMF.
- Maduro clings to power amid evidence of electoral fraud
- PERU: Boluarte flags security reforms in key speech
- COLOMBIA: Intelligence chief resigns amid corruption allegations
- ECUADOR: IMF deal facing challenge in congress
- BRAZIL: Lula signals fiscal restraint
- BRAZIL: Government’s G20 tax initiative faces resistance
- URUGUAY: Opposition FA ahead
- TRACKING TRENDS
- MEXICO: Capture of Sinaloa drug kingpin raises questions
- TRACKING TRENDS
- EL SALVADOR: Concerns over proposed criminal justice reforms
- COSTA RICA: Chaves floats reviving mining and megaprojects
- Arce facing fresh wave of protests in Bolivia
- Quotes of the week