• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ecuador asks Mexico for a response on bananas and shrimp
Losses in the non-oil export sector amount to $85 million in 16 days of strike
The Government withdraws from the dialogue table after the death of a soldier
Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25
Legislators denounce pressure and threats to vote for the removal of the President of the Republic, Guillermo Lasso
Conaie agrees to meet with representatives of all State powers
Ecuador’s oil production falls 51% due to national strike
Guillermo Lasso announces that the National Police and the Armed Forces will act with the necessary means to defend public order and democracy
“Cacerolazo” for Peace in Quito
Contecon will extend the free storage time by 40%, in support of the export sector affected by strikes

Correa confirms credit offer “unconditional” IMF

Posted On 01 May 2016

President of the Republic, Rafael Correa, confirmed today that the International Monetary Fund (IMF) offered his country a line of credit for 400 million dollars, “without conditions” that could be used in repairing damage the earthquake last April 16.

The president, in the regular report Saturday radio and television, said that currently the country has about 640 million in lines of credit from the Development Bank of Latin America (CAF), the Inter-American Development Bank (IDB) and World Bank, “ready to use”.

“There liquidity” and the amount “can go from one billion, because even the International Monetary Fund offered a line of 400 million, without conditions,” said Correa, but did not specify whether to use that loan.

The ruling has been reluctant to agree with the IMF usually imposes conditions on its funding lines for Correa, are part of the neoliberal model which, according to him, did not work in Latin America (I).

Source: http://www.ecuavisa.com/articulo/terremoto/noticias/150686-correa-confirma-oferta-credito-sin-condiciones-del-fmi

About the Author
  • google-share
Previous Story

Shrimp affected by earthquake reach 70%

Next Story

Labor Day marches were marked by the solidarity with earthquake victims

SEARCH

LATEST NEWS

Ecuador asks Mexico for a response on bananas and shrimp

Posted On 29 Jun 2022

Losses in the non-oil export sector amount to $85 million in 16 days of strike

Posted On 29 Jun 2022

The Government withdraws from the dialogue table after the death of a soldier

Posted On 28 Jun 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net