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#AceFinanceDesk – (IMF) & Ecuador has secured the backing of most of its bondholders to renegotiate about $17.4 billion in debt, President Lenin Moreno said on 3 August. This is a key step for the country, which is facing severe liquidity problems due to the #COVID19 #pandemic.


“The statement comes after Moreno said that Ecuador and the International Monetary Fund (IMF) could reach a new agreement on financial aid for the Latin American nation.”

Published: Aug.03: 2020: https://ift.tt/3i8P6oh

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