Ecuador could repeat gold swap, bond sale, says Correa

Ecuador Bonds

The Ecuadorian government could swap further gold reserves for cash or issue another international bond, the country’s president has told LatinFinance.

CAF lends to Ecuador for power

Ecuador Loans Project & Infrastructure Finance

Development bank agrees to provide a loan to Ecuador to improve electrical coverage

Ecuador negotiating credit with China

Ecuador Loans

Ecuador seeks to renew credit line with China to finance 2015 budget

Ecuador rewarded with S&P upgrade

Ecuador Corporate & Sovereign Strategy

S&P says Ecuador has diversified its sources of financing and pursued more pragmatic economic policies

IDB Dishes Out Loans

Brazil Mexico Ecuador

The Inter-American Development Bank (IDB) has agreed to loan Mexico $450m as part of a $562.5m drinking water and sanitation program, it says. The bullet 2021 facility ha...

Bank of the Year, Ecuador: Banco de Guayaquil

Bonds Structured Finance Ecuador

In a difficult year for Ecuadorean banks, one lender stands out for making the best of a tricky situation

Ecuador Hooks Russian PF Funds

Ecuador Loans Russia

Russia’s Rosexinbank has agreed to loan $195m to Ecuador to help build the Termogas Machala thermoelectric power plant in the El Oro province, Ecuador’s ministry for the ...

Fitch Lifts Ecuador

Ecuador Bonds Corporate & Sovereign Strategy

Fitch has raised Ecuador’s credit rating to B from B minus, it says, based on an improved outlook. The upgrade reflects healthy economic growth, as well as monetary and f...

Ecuador advances bond plans amid investment push

Ecuador Bonds Economy & Policy

Andean sovereign eyes 2014, “if not before” for debt market return, says trade minister in New York to sell mining, oil opportunities

Mexican Bottler Adds in Ecuador

Mexico Ecuador M&A

Arca Continental has agreed to acquire a majority stake in Ecuador’s Holding Tonicorp, it says. A spokesperson for the buyer declines to comment on the purchase price. To...

ENAP Sells Assets to Straighten Balance Sheet

Chile Peru Ecuador

Empresa Nacional del Petroleo (ENAP) has agreed to sell its stakes in Primax gas station operations in Ecuador and Peru to Peruvian conglomerate Grupo Romero for $312m, i...

Ecuador Receives World Bank Funds

Ecuador Loans

The World Bank has agreed to provide a $100m, 25-year loan with a 5-year grace period to Ecuador’s Manta municipality, it says. The interest rate was not disclosed. The l...

S&P Positive on Ecuador

Ecuador Corporate & Sovereign Strategy

S&P has changed the outlook on Ecuador’s B credit rating to positive from stable, it says, on the expectation of an improved fiscal position. The agency highlights the po...

Ecuador Names Finance Minister

People Corporate & Sovereign Strategy Ecuador

President Rafael Correa has named Fausto Herrera as Ecuador’s minister of finance, according to government documents. Herrera is promoted from deputy minister and replace...

Ecuador Adds Chinese Project Funds

Ecuador Loans

Ecuador has agreed to a $312.5m loan from the Export-Import Bank of China to help fund its Minas San Francisco Hydroelectric Project, according to a government source. Th...