(Energy Analytics Institute, Ian Silverman, 21.Aug.2018) – The government of Ecuador aims to save about $1 billion annually with the implementation of new economic measures.

The new economic measures, which focus on reduction of bureaucracy, were announced on August 21, 2018 by Ecuador’s President Lenín Moreno and the country’s Economic and Finance Minister Richard Martínez. They will take effect this week, and benefit poor and retired citizens of the South American country, reported the daily newspaper El Comercio.
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