Cash from Ecuadorians in Spain to spur business
MADRID - The Ecuadorian government backed a plan to convert remittances sent home by its citizens living in Spain into "a springboard for (Ecuador's) development".
Spain and Ecuador signed a cooperation agreement that will make possible the creation of micro-businesses and other projects.
Ecuadorian Emigration Minister William Murillo went to his country's Embassy in Spain to sign the accord with the UCMTA union with an eye toward better taking advantage of the remittances sent by Ecuadorians to their relatives back home.
Murillo is in this capital as part of the political and business mission of Ecuadorian President Rafael Correa, who is due in
Spain travel this week.