Ecuador's central bank on Tuesday said it expected the economy to grow 2.8% this year, a strong recovery after a 7.8% contraction in 2020 as the country struggled with the coronavirus pandemic.
Ecuador’s central bank on Tuesday said it expected the economy to grow 2.8% this year, a strong recovery after a 7.8% contraction in 2020 as the country struggled with the coronavirus pandemic.
Ecuador approves law granting autonomy to central bank
April 23, 2021
(Updates with rally in Ecuadorean bonds)
QUITO, April 23 (Reuters) – Ecuador’s National Assembly
approved a law late on Thursday granting autonomy to its central
bank, a move celebrated by President Lenin Moreno’s government
on Friday as a step toward economic stability.
Moreno’s market-friendly administration had pushed the
reform as a way to prevent future governments from draining the
bank’s reserves to finance public spending, a practice his
allies allege was common during leftist former President Rafael
Correa’s administration.
Economy Minister Mauricio Pozo said the measure would help
Chile donates 20,000 doses of Sinovac coronavirus vaccine to Ecuador reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
QUITO, March 6 (Reuters) - Ecuador has received a donation of some 20,000 doses of the Sinovac coronavirus vaccine from Chile, Ecuador’s President Lenin Moreno said on Saturday, in a sign of the stark disparities in South American countries’ inoculation campaigns.
Chile, one of Latin America’s wealthiest countries, ranks sixth in the world for per-capita vaccine shots administered, according to Reuters data, with a quarter of the population now having received a dose.
By contrast, Ecuador’s slow rollout has prompted criticism of Moreno by municipal authorities, who are planning to import vaccines on their own. The Andean country had administered some 65,000 doses of the Pfizer vaccine as of Friday, namely to healthcare workers and nursing home residents.