BOGOTA (Reuters) - Ecuadorean president Guillermo Lasso on Friday proposed new labor regulations and a tax reform targeting some $700 million in new revenue as part of a broad economic growth plan that will require approval from a skeptical legislature.
The oil exporting nation's economy has for years struggled under low crude prices, and the pandemic left 5.8 million people without permanent employment. Lasso this year renegotiated a $6.5 billion financing agreement with the International Monetary Fund in order to speed up disbursements.
