* The International Monetary Fund (IMF) has released a statement noting that it has concluded its Financial Sector Assessment Programme with Ecuador, and warns that the “institutional framework for financial sector oversight is complex, uncoordinated, and prone to political intervention”. In particular, the IMF noted that liquidity risks are high due to the limited ability of the central bank (BCE) and some financial institutions to provide liquidity. It stated that “to preserve confidence it is key to enhance capitalisation, promptly recognise loan losses, and address unviable institutions”.
Back
LatinNews Daily - 22 September 2023
In brief: IMF warns of liquidity risks in Ecuador’s financial system
- BRAZIL: Win for indigenous rights in supreme court trial
- PERU: Boluarte declares security her top priority
- In brief: IMF warns of liquidity risks in Ecuador’s financial system
- In brief: IDB announces sustainable financing programme in Brazil
- EL SALVADOR: Bukele criticised over UNGA speech
- In brief: IMF executive board approves Honduras funds
- MEXICO: López Obrador snubs Biden over Apec summit
- In brief: Mexico urged to address US energy and steel concerns
- URUGUAY: Interior minister rages over escaped drug traffickers
- In brief: Argentina’s trade deficit grows