Ecuador: Correa to send bill to assembly for funding human development payment from bank profits

Posted on October 23, 2012 • Filed under: Business, Ecuador, Politics reported that the president of the Association of Private Banks of Ecuador (ABPE), Cesar Robalino, warned yesterday that the Government’s proposal to fund the Human Development Bond of $ 35 to $ 50 in bank profits represents a “cuasiconfiscación” of sector earnings. Rafael Correa announced it will send a bill to the Assembly for that purpose. Read Article

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