Updates on Ecuador and Bolivia - December 2019

Ecuador's government budget gets some breathing room thanks to the IMF, but problems in 2020 still seem likely.

Dec 23, 2019

∙ Paid

Ecuador still short on cash in spite of tax reform and IMF money

Ecuador’s Congress passed a tax increase that is expected to bring in $600 million in additional revenue next year. The increase includes value-added taxes on foreign digital services such as Uber and Netflix. The tax increase, while substantial, is significantly less money than what many f…

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