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A Turning Point for Cooperatives: Ecuador’s Financial System Is Redibujad
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Savings and credit cooperatives in Ecuador face one of the biggest turning points in their history.What for decades has operated under the principles of the popular and solidarity economy could now be absorbed by the traditional banking system, with very different rules and capital requirements that were not applied to them before.And it all began with a legal provision and a presidential regulation.The transformation of cooperatives into banks …
·Costa Rica
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