LatinNews Daily - 22 February 2022

In brief: Ecuador’s Lasso to submit investment bill in coming days

* Ecuador’s presidential spokesman, Carlos Jijón, has said that President Guillermo Lasso will send an investment bill to the national assembly before the end of February, which will aim to generate US$30bn in private investment and create 2m jobs before the end of Lasso’s term in 2025. Jijón said that the bill will contain provisions to facilitate public-private partnerships, and will create free trade zones in areas where investment is currently lacking. The exact details of the bill are still being finalised, but Jijón said that it would be presented as ‘urgent’ to the legislature, meaning that it must be either approved or rejected within 30 days of its presentation. The investment bill is one of three core planks of Lasso’s economic agenda, following a tax reform that cleared the national assembly in November, and an upcoming labour reform bill.

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