April 6, 2018 |
Ecuador is considering printing more international bonds this month to meet part of the remaining $2bn it seeks in external funding for 2018, sources have said.
Oil exporting Ecuador has earned favor from investors who have applauded the sovereign for its efforts to tackle corruption and lower its fiscal deficit.
The government is likely to sell more dollars, but sources have said that Ecuador is working to diversify its funding sources, and a potential euro-denominated bond has not been discard
Oil exporter requires at least $2bn more in external debt this year, sources expect it to fulfill a portion of that this month