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Ecuador's Rafael Correa pushes for foreign investment

8.11.15

Ecuador's Rafael Correa pushes for foreign investment: [cnbc.com] Government spending is now 40 percent of GDP, up from less than 20 percent when Correa first came to office in 2007, according to the Heritage Foundation. Even when oil prices were high, the country borrowed money to finance spending. Ecuador's debt-to-GDP ratio rose from 15 percent in 2009 to an estimated 33 percent for 2015 — a number still considered low. Ecuador's economy grew faster than those of most of its Latin American peers during those years.


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Dispatch: Aboriginal Press Media Group  |   Permalink  |   [8.11.15]  |   0 comments

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