Catholic Church in Ecuador to Aid Indians
<i> Reuters</i>
QUITO, Ecuador —
The Roman Catholic Church in Ecuador plans to buy $28 million of the nation’s foreign debt to help Indian groups buy their land, Quito Archbishop Antonio Gonzalez said Thursday.
He told reporters that the government authorized the debt buy-back on secondary markets. The debt paper would be converted into local currency and used to finance low-interest credits to allow the Indians to buy their land.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
