The road to Lenin Moreno macrista | Agree with the F …

President Lenin Moreno has rushed to the International Monetary Fund, with which he has reached an agreement amounting to $ 4200 million. Ecuador will also receive $ 6 billion from the World Bank, the Inter-American Development Bank, the Latin American Development Bank, the European Investment Bank and the Reserve Fund. Latin America and the French Development Agency.

Moreno, who took over Alianza País' party from former president Rafael Correa and then changed the direction of his government towards austerity policies and reforms aligned with the prescriptions of the IMF has badured that the more than $ 10,000 million they would receive would benefit from "average rates they exceed 5% and last for up to 30 years."

According to the Fund, the purpose of the loan is to promote "a more dynamic, sustainable and inclusive economy". "I am pleased to announce that the technical staff of the IMF and the Ecuadorian authorities have reached an agreement in support of the economic policy plan," said Anna Ivanova, head of the IMF mission yesterday evening. in Ecuador.

With a well-known Argentine speech, Moreno promised to recover the confidence of foreign countries. "We have gone through difficult times, but the fact that the world trusts us shows that we are on the right track," said the president, noting that, thanks to the measures taken, he was saving the dollarization implemented since 2000. in Ecuador.

In late January, Ecuador's Minister of Economy and Finance, Richard Martinez, stressed that the country had "rebuilt" its relations with the international financial institution after the arrival of President Lenin Moreno in 2017 and was already in talks to find a "solid solution" on your financing needs.

In the run-up to the Fund's arrival, the government reduced the number of public institutions last week and eliminated fuel subsidies, resulting in more than a week of relentless protests demanding Moreno's resignation .