Investors accept Ecuador's new finance minister

Investors accept Ecuador's new finance minister

Corporate & Sovereign Strategy Economy & Policy Bonds Debt Fixed Income Capital Markets Ecuador

International investors have reacted neutrally to the appointment of Pablo Arosemena Merritt as Ecuador's new finance minister, saying they are much more concerned about the political situation in the country and economic impact caused by a fall in oil prices. "I think the [new] finance minister is acceptable. There are no red flags," said Zulfi Ali, a fixed income portfolio manager at PGIM, the investment management division of Prudential. "However, the concern is the governance ability issue a

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