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Ecuador plans return to international bond market

Ecuador plans return to international bond market

September 10, 2021 | Charles Newbery
Economy Minister Cueva says he wants to reduce the sovereign risk rating with structural reforms first

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Ecuador plans to return to the international bond market next year, betting that a looming deal with the International Monetary Fund (IMF) for $1.5 billion in new disbursements and a series of structural reforms to cut public spending will gain it access to lower rates and better financing conditions, Economy and Finance Minister Simón Cueva said on Thursday. "We expect Ecuador to go back to international financial markets sometime next year, but we want to do it in a very orderly and predictabl

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