Ecuador’s largest bank in terms of assets, Banco Pichincha, plans to ask Colombian banking regulators to authorize the transformation of its Colombian lending unit into a bank.
The president of the Ecuadorean Parliament, Fernando Cordero Cueva, said on Thursday in Havana that he was impressed by Cuba’s solidarity efforts with all Latin American peoples.
The General Eloy Alfaro Award, the highest recognition awarded by the National Assembly of the Republic of Ecuador, has been conferred on Commander in Chief Fidel Castro Ruz, for his outstanding merits.
The distinction was received on behalf of Fidel by Cuban First Vice President Jose Ramon Machado from the hands of the president of the Ecuadorean legislative body, Fernando Cordero Cueva, during a ceremony held at Havana’s Revolution Palace.
Ecuador’s Finance Minister, Patricio Rivera, said Wednesday that the government plans to issue an additional $130 million in local bonds.
Ecuador’s National Assembly President Fernando Cordero Cueva traveled on Wednesday to Cuba carrying a decoration bestowed by his country’s Legislature to the island’s Revolution leader Fidel Castro Ruz.
Ecuador’s creative initiative to forego petroleum exploitation in the Yasuni reserve in exchange for international aid was showcased at the Cannes Film Festival in May in the hope of attracting investors.
The Ecuadorean producer price index in March rose 3.08% from February, the central bank said.
The March data showed a 27% increase in the PPI over the same month of the previous year. The PPI stood at 2,295 points in March, compared to 1,807 points in the same month in 2009.
