March 10, 2020 |
Ecuador's and Colombia's sovereign bond prices took a big hit as oil prices fell on Monday, while oil importing countries in Central America and the Caribbean that have traditionally benefitted from low oil prices may not be able to cash in due to a near stop in the tourism industry.
Backed by favorable market conditions at the start of the year, Latin American issuers placed a record $38 billion worth of bonds in January. But the spread of the coronavirus, COVID-19, radically changed the landsc
Ecuador and Colombia feel the fallout from a spat between Russia and Saudi Arabia