Ecuador: No choice but to go to the IMF because its has no choice says economist

ft.com reported the devastation in Portoviejo is so complete that Johnny Quijano does not know how Ecuador will recover. A week after a powerful 7.8 magnitude earthquake flattened much of the centre of the city of 220,000 people and countless other towns along the country’s Pacific coast, despair and resignation have set in. “Ecuador simply does not have money to pay for the damage the rage of nature left behind,” says Mr Quijano, in charge of infrastructure for the area. Read Article

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