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Weekly Report - 04 March 2021 (WR-21-09)

TRACKING TRENDS

ECUADOR | Central bank reform. Ecuador’s national assembly refused on 1 March to debate an urgent bill sent by outgoing President Lenín Moreno, which aims to give the central bank (BCE) more independence. Strengthening the BCE by making it more independent is one of the commitments assumed by the Moreno administration under the agreement it reached with the International Monetary Fund for a US$6.5bn Extended Fund Facility (EFF) financial assistance programme in October 2020.

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