President Announces Economic Measures
From Times Wire Reports
President Jamil Mahuad announced tax hikes and other tough economic measures in Ecuador’s latest attempt to address its worst financial crisis in decades. The announcement came as a two-day nationwide strike to protest the government’s economic programs wound down and just hours after the Central Bank’s board of directors, including President Luis Jacome, resigned. The government’s political opponents had accused Jacome of mismanaging Ecuador’s fiscal policy.
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