SELL-OFFS PLAN TO BOOST IMF ECUADOR DEAL
Tema(s): En: Financial Times 18 mayo 1999, p. 8Resumen: Ecuador's President Jamil Mahuad is preparing to launch a 3bn privatisation programme and drive through banking reform in an attempt to underpin an expected 400m standby agreement with the International Monetary Fund. The agreement - expected by early next month - should help stabilise the economy following this year's severe financial crisis and allow Ecuador to reduce its heavy burden of external debt. The IMF deal is a crucial step for a renegotiation of Ecuador's debt to government creditors through the Paris Club. Talks are scheduled to begin on July 5 and Ecuador, one of the continent's most highly indebted countries, will present debt forgiveness proposals. Ana Lucia Armijos, finance minister, said: "There is no doubt we will have a positive response." Ecuador's debt to Paris Club creditors amounts to 1bn, nearly 8 per cent of the total. Belgium and Switzerland forgave 78m of debt in the early 1990s.| Tipo de ítem | Biblioteca actual | Signatura topográfica | Info Vol | Estado | Fecha de vencimiento | Código de barras | |
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BIBLIOTECA ECONÓMICA BCE - QUITO | RESUM-021357 (Navegar estantería(Abre debajo)) | Financial Times. 18 mayo 1999, p. 8 | Disponible |
Ecuador's President Jamil Mahuad is preparing to launch a 3bn privatisation programme and drive through banking reform in an attempt to underpin an expected 400m standby agreement with the International Monetary Fund. The agreement - expected by early next month - should help stabilise the economy following this year's severe financial crisis and allow Ecuador to reduce its heavy burden of external debt. The IMF deal is a crucial step for a renegotiation of Ecuador's debt to government creditors through the Paris Club. Talks are scheduled to begin on July 5 and Ecuador, one of the continent's most highly indebted countries, will present debt forgiveness proposals. Ana Lucia Armijos, finance minister, said: "There is no doubt we will have a positive response." Ecuador's debt to Paris Club creditors amounts to 1bn, nearly 8 per cent of the total. Belgium and Switzerland forgave 78m of debt in the early 1990s.
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