Ecuadorean candidate promises to spend central bank reserves
Measure could imperil central bank independence
A prominent presidential candidate in Ecuador’s general election has said she would use central bank reserves for domestic spending and investment.
Luisa González told Reuters she would take “$2.5 billion to inject into the national economy”, according to an August 15 report. González has led opinion polls, though not by enough to win without a second round.
The election is scheduled for August 20.
González said the reserves are “not generating a cent, to guarantee the payments to
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