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ECUADOR TO PUSH AHEAD WITH DOLLARIZATION

Por: Tema(s): En: Financial Times 3 feb. 2000, p. 6Resumen: Jorge Guzmán, Ecuador's new finance minister, said he would push ahead with plans to dollarise the economy and restore Ecuador's international image. "Dollarisation is a fundamental tool to create stability, growth and democracy, as long as it is complemented by the correct laws," said the former banking superintendent, speaking after he was sworn in on Tuesday night. He rejected criticisms of the controversial measure, announced by former president Jamil Mahuad before his overthrow last month. "The unnecessarily disgraceful situation is really the result of decades of fiscal, monetary and exchange rate policies that have protected the most powerful people in this country," said Mr Guzmán, emphasising that the opportunity for change was fleeting.
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Analítica de Seriada Analítica de Seriada BIBLIOTECA ECONÓMICA BCE - QUITO RESUM-022756 (Navegar estantería(Abre debajo)) Financial Times. 3 feb. 2000, p. 6 Disponible

Jorge Guzmán, Ecuador's new finance minister, said he would push ahead with plans to dollarise the economy and restore Ecuador's international image. "Dollarisation is a fundamental tool to create stability, growth and democracy, as long as it is complemented by the correct laws," said the former banking superintendent, speaking after he was sworn in on Tuesday night. He rejected criticisms of the controversial measure, announced by former president Jamil Mahuad before his overthrow last month. "The unnecessarily disgraceful situation is really the result of decades of fiscal, monetary and exchange rate policies that have protected the most powerful people in this country," said Mr Guzmán, emphasising that the opportunity for change was fleeting.

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