Ecuador’s Dollar Bonds Drop over 10% Last Week
Ecuador’s dollar bonds have fallen over 10-12% in the past week as protests by indigenous groups have erupted. In 2020, the country defaulted on debt and faced a similar political chaos. These groups are demanding more energy subsidies and price controls of basic...
Ecuador’s Dollar Bonds Rise as it Reaches IMF Agreement for $1bn Program
Ecuador and the IMF reached a staff-level agreement regarding the economic policies required to conclude reviews of its 27-month Extended Fund Facility arrangement-supported program. Once the review is complete, Ecuador will have access to financing worth ~$1bn, which...
Ecuador Bonds Rally As Oil Prices Increase
Ecuador´s bonds rallied this month, outperforming its Emerging Markets peers. As per Bloomberg data, Ecuador’s dollar bonds are up 6.4% YTD on average, as compared to the EM with an average loss of 4.2%. The price increase is due to a 23% rise in oil prices and...
