Desperate for investment, Ecuador tries again to pass legal reforms through congress


  • World
  • Wednesday, 23 Feb 2022

FILE PHOTO: Ecuadorian President Guillermo Lasso speaks at the inauguration of an extended marine reserve that will encompass 198,000 square kilometers (76,448 square miles), aboard a research vessel off Santa Cruz Island, in the Galapagos Islands, Ecuador January 14, 2022. REUTERS/Santiago Arcos/File Photo/File Photo

QUITO (Reuters) - Ecuador's government on Tuesday said it was submitting a series of legal reforms to the congress aimed at attracting foreign investment, including tax exemptions and incentives to boost formal employment.

President Guillermo Lasso's administration, which is seeking $30 billion in private investment for projects in key sectors, will submit the planned reforms to the National, Assembly on Tuesday as a priority to be discussed. Lawmakers will have 30 days for approval.

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