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Ecuador protests unlikely to spoil bond plans

Ecuador protests unlikely to spoil bond plans

October 15, 2019 | Ivan Castano
IMF is also expected to keep a $4.2bn bailout in place as President Moreno reaches an agreement with indigenous leaders to stop two weeks of unrest

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Energy Gas Politics Ecuador Andean

As two weeks of violent protests came to an end in Ecuador, at least one economist said the fallout from the political crisis is unlikely to foil the country's possible attempts to return to the international bond market next year. "I don't think this will have a negative effect," said John Ashbourne, a senior emerging markets economist at Capital Economics in London. The unrest started when President Lenín Moreno put an end to fuel subsidies after 40 years, a measure stipulated in a $4.2bn loan

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