by Amruth Sundarkumar | Jun 20, 2022 | Sovereign Bonds, Sovereigns
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...
by Amruth Sundarkumar | May 12, 2022 | Sovereign Bonds, Sovereigns
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...
by bondevalue | Apr 13, 2021 | Sovereign Bonds
Guillermo Lasso will be the next president of Ecuador after a remarkable victory in Sunday’s election, overcoming a deficit of 13% between the first and second rounds, beating Andrés Arauz. The National Electoral Council gave the millionaire businessman Guillermo...
by bondevalue | Apr 9, 2021 | Sovereign Bonds
Ecuador is set to vote for a new president on April 11. The vote will decide if the country chooses conservative Guillermo Lasso or Left-wing economist Andres Arauz. The election is critical for the nation, which has just restructured $17.4bn debt last year and owes...
