Ecuador Takes Harmful IMF Loan, Even Though it Doesn’t Need it – Everything Law and Order Blog

According to an analysis of the Center for Economic and Policy Analysis, Ecuador’s recent IMF loan of $4.2 billion comes with strings that will hurt economic growth. Ecuador doesn’t even need the loan, says the report’s co-author, Andrés Arauz

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20 thoughts on “Ecuador Takes Harmful IMF Loan, Even Though it Doesn’t Need it”
  1. They need to toss this bum out and join BRICS. This guy is obviously a U.S. sponsored person who probably does not belong in his office.

  2. I saw testimony of how economy helped a man make -$50,000 weekly Profit I tried now am also sharing my testimony with over,$10,000 from the company thanks for the good did he has done for me for this short period of time

  3. Soy el Sr. Melody, el DIRECTOR GENERAL LTD. Soy un prestamista de préstamos certificado, ofrezco préstamos a personas que necesitan préstamos, aquí hay algunas preguntas: ¿Necesitas un préstamo de algún propósito ?, ¿Quieres pagar tus facturas ?, ¿Estás en un problema financiero? :, ¿Necesitas una solución financiera ?. Aquí está la solución a todos sus problemas financieros. Doy préstamos para proyectos, negocios, impuestos, facturas y muchas otras razones, nuestros préstamos son fáciles y baratos. y pollito.
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  4. IMF loans almost invariably lead nations to bankruptcy – when they default – due to extortionate interest rates. Economies collapse – and the people leave in droves – as refugees.

  5. Just an update, our protests were effective! Moreno was forced to renege on the IMF deal. I’d rather starve at my own hands than endure perpetual economic enslavement by the greatest American scheme witnessed thus far

  6. To: Greg Wilpert: We live in Ecuador and have some insights you may find interesting and valuable in understanding the political situation here. What is your email address?

  7. Some Europeans who see themselves as settlers are afraid of American Indians and seem to want to destroy them.

    They refuse to believe in the idea of one country for all.

    They don't believe on citizenship.

  8. If you think that loan is not needed, go and live in Ecuador for a year or more, and then decide if this is not needed! Is this channel part of any Russian network??? Because at the end it turns out that it is him the one creating chaos in Ecuador, (based in Venezuela!).

  9. Most of the comments here are uninformed. Answer the following questions: How much does Ecuador owe the IMF now vs. how much they owe China? What was the collateral that Correa signed over to China in return for their loan when he was president? Why could not Ecuador complete the refinery in Manta? Why does Ecuador, an OPEC member, have to IMPORT refined gasoline, diesel and LNG? Why would no one else in the world loan money to Ecuador?

  10. Thank you for providing with a thorough and truthful reporting on these issues in English! I expected this from TYT but clearly they are not really what they claim they are. Thank you! Really!

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