President, Legislator, Judge - And Now Banker

ECUADOR - Report 24 Jul 2014 by Magdalena Barreiro
Executive Summary The long-awaited free trade agreement with the European Union materialized last week, after Minister of External Commerce Francisco Ribadeneira successfully concluded the last round of negotiations in Europe.Though the deal could take 18 months to come into force, it looks certain to happen now. The pact could help boost non-oil exports by $500 million over the first three years. ECLAC projects that Ecuador’s GDP growth could rise by 1% over this period. But in a more ominous development, financial sector liquidity, external positions, credit allocation, costs, services, a...

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