Ecuador’s Socialist Frontrunner Tries to Calm U.S. Investors

Ecuador’s Socialist Frontrunner Tries to Calm U.S. Investors

At the meeting, Arauz reaffirmed his commitment to dollarization and to not restructuring the debt, Sierra said. The candidate also told investors that he planned to seek less onerous loan terms from the IMF, and said he would favor faster dispersions. He also said he would seek deals with bilateral lenders such as China, according to Sierra.

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Open Letter From 40+ Economists Regarding Ecuador and the Dollar

Arauz “Happy With Visit To US,” Met With Ecuadorean Residents

Arauz “Happy With Visit To US,” Met With Ecuadorean Residents

“We cannot accept an agreement with conditions that affect Ecuadorian families. We cannot accept a Value Added Tax (VAT) increase. We cannot accept a brutal cut in public spending. Nor can we accept that dollars leave our economy,” said the UNES candidate.

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Ecuador’s Presidential Candidate Arauz Meets IMF in Washington