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Ecuador to focus on financing alternatives

Ecuador to focus on financing alternatives

May 7, 2021 | Charles Newbery
Outgoing finance minister says conditions have improved for bond sales since a debt restructuring last year, but it may be too soon to issue new notes

Corporate & Sovereign Strategy International Monetary Fund (IMF) International Financial Institutions Economy & Policy Bonds Debt Fixed Income Loans Capital Markets Andean South America Ecuador

The outgoing administration of President Lenín Moreno is leaving Ecuador's finances in better shape than when it took power in 2017, but it will still take time before the country can issue new bonds in the international market under incoming President Guillermo Lasso, Finance Minister Mauricio Pozo said on Thursday. "At this moment I don't see space to issue bonds," the outgoing minister said in an online press conference. Ecuador's country risk – or investors' perception whether the country is

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