Ecuador approves contingent credit line
Ecuadorian authorities have formally accepted a contingent credit score line from the Latin American Reserve Fund (Flar).
The vice-minister of the financial system, Daniel Eduardo Lemus, confirmed to Central Banking that the nation’s debt and finance committee had authorised the credit score.
The Central Financial institution of Ecuador will be capable to entry the credit score line in case of want. Lemus stated the credit score line had a ceiling of $230 million, including the central financial institution may activate the road if stress ranges grow to be excessive sufficient
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