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Economy & Business - June 2020
ECUADOR: Government seeks to shore up future finances
On 16 May, Ecuador’s national assembly passed the ‘public finances law’, the second of two ‘emergency laws’ sent by the Lenín Moreno executive to address the country’s precarious economic situation. The goal is to implement important structural changes in order to improve Ecuador’s fiscal management, and to strengthen its public finances in the face of a challenging economic climate. In the short term, it will also help maintain the support of the International Monetary Fund (IMF), reassure creditors, and increase the country’s chances of securing further emergency financing.
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