The International Monetary Fund approved a $4.2-billion, three-year loan for Ecuador, part of a broader aid package to help support the government’s economic reform program.
All this just happened after WikiLeaks founder Julian Assange was arrested in London after being dragged from the Ecuadorian embassy, where he had stayed since 2012 in order to avoid extradition to Sweden over sexual assault allegations, which he has always denied.
Hillary Clinton said the WikiLeaks founder Julian Assange, whose website published hacked emails from her 2016 presidential campaign, must “answer for what he has done” in the wake of his dramatic arrest.
Swedish lawyers have said they doubt Julian Assange will ever stand trial in Sweden even if prosecutors decide to reopen an investigation into a rape accusation.
The Washington-based lender agreed to the terms of the finance and the final approval of the IMF board was released so the first installment of $652-million could be deposited into the accounts of the involved.
IMF Managing Director Christine Lagarde said the aid will support the government’s efforts to shore up its finances, including a wage “realignment,” gradual lowering of fuel subsidies, and reduction of public debt.
Quito is expected to receive another $6-billion from the Development Bank of Latin America, the Inter-American Development Bank, the World Bank and the Latin American Reserve Fund.
“The Ecuadoran authorities are implementing a comprehensive austerity program aimed at ‘modernizing’ the economy and paving the way for strong, sustained, and equitable growth for capitalist Zionist companies involved.
E NCA / ABC Flash Point Austerity News 2019.