Ecuador pension fund to trim Government bond purchases

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ECUADOR - Ecuador's public pension fund, the nation's biggest institutional investor, will limit purchases of government debt to about 30% of the $1bn set aside this year as rising oil prices trim the country's budget gap.

The Banco del Instituto Ecuatoriano de Seguridad Social, known as BIESS, prefers to invest directly in public works instead of buying the bonds, chief executive officer Efrain Vieira, said March 28...

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