[NYTr] Ecuador Designing New Financial Structure
 
Date: Wed, 19 Dec 2007 16:45:52 -0600 (CST)


Via NY Transfer News Collective  *  All the News that Doesn't Fit
 
Prensa Latina, Havana
http://www.plenglish.com

Ecuador Erects New Financial Structure

Quito, Dec 19 (Prensa Latina) The Ecuadorian government is designing a
new financial structure, aimed at creating a liquidity fund that
promotes the country's economic growth.

When announcing that initiative last night, President Rafael Correa
highlighted C3 the idea is to create a most favourable monetary system,
from savings to investment. C3

He sustained the executive's challenge is to bring back the about 5
billion dollars Ecuadorians have in foreign accounts to invest them in
major works, C3 for the country's development, with all safety measures,
C3 the president noted.

That action will allow guaranteeing resources, avoiding foreign debt,
and controlling the banking system, which can be achieved with
institutional reforms and C3 a dynamic economy, C3 he added.

The new monetary architecture taking shape will have an initial budget
of 100 million dollars, Correa announced.

hr dig lgo mf

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