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Correa Starts To Outline Plans

Nov 29, 2006

Ecuador's president-elect, Rafael Correa, said he believes the country's debt servicing payments need to be lower, but as yet has given no details as to how this will be achieved. Investors nervous of a full...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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