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Ecuador Calls On Banks To Bid For Bond Business

Oct 5, 2005

Ecuador has invited banks to bid to manage the sovereign's first international bond offering since it defaulted on its debt in 1999. An announcement in yesterday's...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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