Catholic Church in Ecuador to Aid Indians
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<i> Reuters</i>
QUITO, Ecuador — The Roman Catholic Church in Ecuador plans to buy $28 million of the nation’s foreign debt to help Indian groups buy their land, Quito Archbishop Antonio Gonzalez said Thursday.
He told reporters that the government authorized the debt buy-back on secondary markets. The debt paper would be converted into local currency and used to finance low-interest credits to allow the Indians to buy their land.
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