• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
CNE recognizes error in more than 6 million presidential ballots and says it will destroy them
Small and medium entrepreneurs of Guayaquil will be trained for business rounds
World food prices rose for the seventh consecutive month
More than 6 million presidential ballots will have to be reprinted due to an error in the logo of a political movement
Ecuador obtained $ 5.5 billion of income from exports in 2020
Ecuador, one of the nations most attacked by hackers
Why is inflation so low in Latin America and what does it say about the region’s economy
Femicide, a drama that involves more families in Ecuador
Second trial against former minister María de los Ángeles Duarte
An official resigns from the CNE stating that she was asked to sign documents to hire a supplier

Oxy case became politicized, according to former minister

Posted On 17 Aug 2019

 

Former Minister Mauricio Pozo, when commenting on the economic situation of the country, especially the payments the national government has to make in the short term as in the case of the Oxy oil company, said that this process and this problem should have never been presented, since the sale of a shares by a company to another without notification to the Ecuadorian State was politicized, we now have to pay 1,000 million and we have no money.

 

According to Pozo,  stabilization “little funds” would have served for this and cases like the appreciation of the dollar, and other contingencies.

 

According to the former official, the Central Government shall be more creative to meet obligations to come as Oxy, $ 650 million in global bonds, the December workers bonuses, “I do not see much room for creativity … I do not see many alternatives to raise funds,” he said.

About the Author
  • google-share
Previous Story

 “This government bought the Dhruv helicopters”

Next Story

President Palacio ‘endorsed’ the end of Oxy, says former minister

SEARCH

LATEST NEWS

CNE recognizes error in more than 6 million presidential ballots and says it will destroy them

Posted On 14 Jan 2021

Small and medium entrepreneurs of Guayaquil will be trained for business rounds

Posted On 14 Jan 2021

World food prices rose for the seventh consecutive month

Posted On 14 Jan 2021
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net