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.
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…