Ecuador to Save $1 Bln With New Economic Measures

(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.

Ecuador’s President Lenín Moreno. Source: Efe

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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ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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