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Ecuador
Funds Peoples Revolution
The
least developed Ecuadorian agricultural sectors
will be benefited with a new economic mechanism
through which the executive will grant massive
microcredits to small and mid-sized farmers and
buy their productions.
The initiative, entitled "economy of
solidarity," aims to boost development of those
sectors and, as President Rafael Correa said at
the inauguration of the Undersecretaryship for
Social and Solidarity Economy yesterday, it will
help to "throw neoliberalism out."
The entity is an office of the economy and
finance ministry, and forms part of the
Ecuadorian government s plan to advance towards
a "people s revolution," he stressed.
For Correa, the granting of the microcredits and
other initiatives like the food program, and
public purchase plan aim to benefit producers,
farmers, and artisans..
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