Ecuador announces measures intended to wean country off dependence on oil revenues.(economic policy development)(Brief Article)

QUITO -- Finance Minister Jorge Gallardo announced the government's latest fiscal reform package upon Monday, detailing plans that would wound the country's public debt load from today's 63.6% of GDP to a more manageable 40% via a fiscal responsibility law, as well as creating a stock to offset any effects that oil price weakness could have upon the country. He also outlined plans to extreme point the politically sensitive practice of earmarking tax receiptss The introduction of these measures are all part of conditions place in place by the IMF to make sure the next disbursement of its $300