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The government raises fiscal devaluation to help exporters

Posted On 13 Jul 2017

Ecuadornews:

 

 

The government announced it will resort to fiscal devaluation to improve productivity and competitiveness in companies, in order to revive the national economy. According to Finance Minister Carlos de la Torre, this policy will seek to lower production costs for companies to generate employment and foreign exchange for the country.
 
“These innovative measures to be applied in a dollarized economy that operates in a very different way from the conventional economies … All this, with the necessary skills to ensure fiscal sustainability,” De la Torre said.
A fiscal devaluation is a measure that has been taken in countries like Spain, which has no currency of its own. The European country implemented a similar policy in 2014 to deal with its economic crisis and the impossibility of devaluing the euro. (I)

 

Source: http://www.elcomercio.com/actualidad/regimen-devaluacion-fiscal-ministerio-exportaciones.html

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A bacterium protects the lupine from its main threat and would increase grain production in Ecuador

Posted On 26 Feb 2021

Despite pandemic, air transport of flowers was the second best in eight years

Posted On 26 Feb 2021

Germany, Ecuador and Ghana concerned about marine plastic pollution

Posted On 26 Feb 2021
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