Leftover loot: despite an expensive and bloated bureaucracy, Ecuador is looking to spend money on telecoms and power.
Latin Trade › Vol. 14 Nbr. 1, January 2006
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ECUADOR - Cover Story
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Leftover loot: despite an expensive and bloated bureaucracy, Ecuador is looking to spend money on telecoms and power.
Public spending is on the rise in Ecuador, which is good news for the country's 300,000 civil servants. Their paychecks will collectively hit US$2.44 billion in 2006, which comes to 28% of the $8.56 billion budget for this year. Nevertheless, there are still business opportunities with the government once those salaries are paid. And, despite delayed reimbursements, po...
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