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Ecuadorian president hails G20 agreement as "important"
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10:34, April 04, 2009

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The agreement, reached at the G20 Summit to tackle the world financial crisis, was "important," Ecuadorian President Rafael Correa said on Friday.

Correa said in an interview to local radio station "Radio Publica" that the contribution of 1.1 trillion U.S. dollars set aside by the agreement will bring benefits to countries like Ecuador.

The leaders from G20 agreed on Thursday to give 1.1 trillion dollars to the world economy nad impose restrictions of the bankers' salaries and bonuses.

"If U.S. and Europe are boosted, it means that they will buy more U.S. and European products, but also foreign products, so there we can place our exports," Correa said.

This means that they will have more saving, financing and investment capacity.

"We left the turbulence. It may be possible that things complicate in the future, but for now we should not be afraid of a bigger adjust," Correa said.

Source:Xinhua



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