An Urgent Search for Funds

ECUADOR - Forecast 18 Aug 2014 by Magdalena Barreiro
Executive SummaryThe gauge in the Treasury’s coffers veered toward empty, with just $348 million in cash on average between January and May, down from $1.25 billion during the same period last year. Unsurprisingly, the government is aggressively campaigning to control liquidity. The new Monetary and Finance Code will give the executive branch ample ability to manage the private banking sector liquidity. At the same time, the Assembly is talking about floating additional proposals.The first of these will give BIESS --the bank of the Social Security Institute --control over private pension fu...

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