New President to Ecuador Central Bank

ECUADOR - The Central Bank of Ecuador has appointed Mauricio Yepez as president, responsible for monitoring the country's economy and monetary reserves.

Ecuador's Central Bank board on Wednesday elected former International Monetary Fund adviser Mauricio Yepez as president of the body in charge of monitoring the country's economy and monetary reserves.

Yepez, 44, was optimistic that after suffering a 7.3 percent decline in 1999, Ecuador's economy has shown signs of recovery that will permit long

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