Ecuador seeks $2 bln in external debt

Ecuador seeks $2 bln in external debt

Loans Debt Corporate & Sovereign Strategy Economy & Policy Energy Ecuador Andean

Ecuador is in talks to borrow $2 billion from two international financial institutions with better terms and conditions than the going rates in the cross-border bond market, President Lenín Moreno said in a televised address on Tuesday evening. "We are working to assure that the maturities of our bilateral debts are better adjusted to our new reality," Moreno said, adding that the government had cut the budget by $1.4 billion as a sharp drop on oil prices threatened cut government revenues by at

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