Ecuador lawmakers reject conservative president Lasso's investment bill


  • World
  • Friday, 25 Mar 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

QUITO (Reuters) - Ecuadorean lawmakers on Thursday roundly rejected a proposed bill that conservative President Guillermo Lasso had said would attract investment for the beleaguered economy, but which opponents decried as privatisation of public assets.

Lasso, a former banker who does not have a majority in the legislature, in February asked lawmakers to approve the creation of public-private partnerships to facilitate infrastructure projects - using the stock market to raise financing - and create free trade zones.

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