Ecuadorian politicians clash over central bank independence

IMF backs law to make central bank independent, but leftwing candidate condemns measure

Central Bank of Ecuador

Ecuador’s central bank is the focus of a major dispute between the country’s government and the main opposition party, as presidential elections loom.

The Ecuadorian legislature has rejected a bill proposed by sitting president Lenin Moreno that would give the central bank an independent board and prevent elected officials from accessing its reserves, local media reports.

Moreno is not a candidate in the upcoming election, the second round of which, on April 11, will be contested between

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