Ecuador Discloses Loans From Wall Street, China as Oil Sinks

By Nathan Gill (Bloomberg) — Ecuador got $924 million in previously undisclosed loans from Deutsche Bank AG and other lenders, showing the extent of President Rafael Correa’s effort to line up a record amount of financing as oil prices plunge. The country took $181 million in two separate loans from units of Deutsche Bank and… Read More Ecuador Discloses Loans From Wall Street, China as Oil Sinks

Peru Top Cement Maker Unacem Says Exports to Offset Mining Slump

By Nathan Gill (Bloomberg) — Union Andina de Cementos SAA, Peru’s biggest cement supplier, expects growth in exports will help offset weakening demand from local miners. Overseas sales of clinker, an ingredient in cement production, will surge 18 percent to about 500,000 metric tons this year, Ricardo Rizo Patron, chairman of the company, said Wednesday… Read More Peru Top Cement Maker Unacem Says Exports to Offset Mining Slump

Ecuador Said to Sell $750 Million of Five-Year Bonds at 10.5%

By Katia Porzecanski and Nathan Gill (Bloomberg) — Ecuador sold $750 million of five-year bonds overseas to meet its financing needs amid a plunge in the price of crude oil. The country sold the securities to yield 10.5 percent, according to a person familiar with the matter, who isn’t authorized to speak publicly and asked… Read More Ecuador Said to Sell $750 Million of Five-Year Bonds at 10.5%

Monsters of Bond Market Now Correa Go-To as China Is Not Enough

(Originally published by Bloomberg News) By Nathan Gill          (Bloomberg) — When President Rafael Correa defaulted on most of Ecuador’s overseas debt in 2008, he disparaged bondholders as “true monsters.” Now, he’s increasingly dependent on their goodwill.   Ecuador hired Citigroup Inc. to arrange meetings with investors to gauge demand for what… Read More Monsters of Bond Market Now Correa Go-To as China Is Not Enough

Bondholder Love for Ecuador’s Correa Is Questioned: Andes Credit

By Nathan Gill (Bloomberg) — President Rafael Correa’s resourcefulness in the face of sinking oil prices has made Ecuador a favorite among emerging-market bond investors this year. To AllianceBernstein and Capital Economics, Correa needs to do more to ensure that the goodwill doesn’t prove fleeting. The nation’s debt securities returned 4.9 percent as Correa said… Read More Bondholder Love for Ecuador’s Correa Is Questioned: Andes Credit

Ecuador’s Dollar Reliance Worsens Impact of Oil, Correa Says

By Nathan Gill(Bloomberg) — President Rafael Correa, a former economics professor critical of Ecuador’s use of the dollar as its official currency, said the greenback is worsening the impact of falling crude prices as liquidity in the economy contracts. The reliance on the dollar means the government can’t print more money to increase the amount… Read More Ecuador’s Dollar Reliance Worsens Impact of Oil, Correa Says

Bondholders Embracing Chavez’s Disciple in Ecuador: Andes Credit

By Nathan Gill (Bloomberg) — Nicolas Maduro and Rafael Correa are both socialist disciples of the late Venezuela President Hugo Chavez, but only one is managing to convince bondholders he’s got the ability to weather the collapse in oil prices. While Chavez’s handpicked successor Maduro is struggling to ward off a default, Ecuador counterpart Correa… Read More Bondholders Embracing Chavez’s Disciple in Ecuador: Andes Credit

China Rescues Ecuador Budget From Deeper Cuts as Crude Drops

(Originally published by Bloomberg News) By Nathan Gill            (Bloomberg) — Ecuador, an OPEC nation that relies on crude for about a quarter of revenue, obtained enough financing from China to avoid deeper budget cuts even as its oil price fell below $40 a barrel, Finance Minister Fausto Herrera said. The Latin American country expects total… Read More China Rescues Ecuador Budget From Deeper Cuts as Crude Drops

Ecuador Gains $5.3 Billion Credit Line From China as Oil Tumbles

By Nathan Gill (Bloomberg) — The Export-Import Bank of China granted Ecuador a $5.3 billion credit line after a slide in oil to an almost six-year low prompted spending cuts for the OPEC member. Finance Minister Fausto Herrera said in a statement published today in the president’s official gazette that the Andean nation will use… Read More Ecuador Gains $5.3 Billion Credit Line From China as Oil Tumbles

The Tupac Amaru Rebellion: Charles Walker

Charles Walker left few stones unturned in The Tupac Amaru Rebellion, an impressive analysis of Spain’s largest colonial rebellion. This essay briefly examines two original arguments and two secondary claims made by Walker that help shape our understanding of an uprising that ultimately reached levels of total violence rarely seen in human history. Walker’s “seemingly… Read More The Tupac Amaru Rebellion: Charles Walker

Indigenous and Afro-Ecuadorians Facing the Twenty-First Century: Marc Becker

A collection of essays on the construction and emergence of ethnic identities in the Ecuadorian Andes, edited by Marc Becker. The authors of the volume examine Afro-Ecuadorians and indigenous communities through the lens of politics, culture, religion, gender, and the environment to better understand the array of social problems facing the country. French sociologist Manuela… Read More Indigenous and Afro-Ecuadorians Facing the Twenty-First Century: Marc Becker

Wikileaks Founder Assange Seeks Asylum at Ecuador’s U.K. Embassy

Nathan Gill and Randall WoodsJune 19, 2012 Julian Assange, the founder of anti-secrecy group Wikileaks, sought asylum at Ecuador’s Embassy in London after exhausting his options through British courts to avert extradition to Sweden. Ecuador is studying the request and is in contact with the U.K. government, Foreign Minister Ricardo Patino told reporters in Quito… Read More Wikileaks Founder Assange Seeks Asylum at Ecuador’s U.K. Embassy

The History of Ecuador: George Lauderbaugh

George Lauderbaugh’s The History of Ecuador is a general survey of the country from pre-Colombian times to the present. In addition to biographical sketches of illustrious Ecuadorians, he focuses on three economic booms since 1890, the cacao boom of 1890—1914, the banana boom between 1948—1960, and the oil boom from 1970—1992. CitationLauderbaugh, George. The History… Read More The History of Ecuador: George Lauderbaugh

The Inner Life of Empires: Emma Rothschild

Emma Rothschild’s Inner Life of Empires presents a “large microhistory” of the Johnstone family, eleven children, their parents, and two of their slaves, who lived and moved within influential social and intellectual circles during the eighteenth century Scottish Enlightenment (269). This prosopography traces the children’s lives across the British Empire as well as their friendships… Read More The Inner Life of Empires: Emma Rothschild