Ecuador won approval to restructure about a third of its international bonds this week, alleviating part of the fiscal hangover from the Correa administration’s ruinous decade in power. But while Finance Minister Richard Martínez negotiates with the country’s creditors abroad, a deeper debate about the nation’s historical debts is still needed at home. Behind Ecuador’s… Read More Ecuador Credit Talks Silent on Debts to History
(Published originally in Mediato) El informe borrador –el cual aún no es concluyente– de la Contraloría sobre la deuda pública, presentado el 14 de marzo pasado, es un triunfo estratégico para el presidente Lenín Moreno. No solo permite responsabilizar al expresidente Rafael Correa del despilfarro fiscal, sino que Moreno también puede hacer corresponsable a la… Read More Correa, China y la Asamblea, afectados por el informe de la deuda
By Nathan GillNovember 18, 2015 (Bloomberg) — Ecuador is poised to do something it’s never done in its more than 180-year history: repay a bond. “What’s positive is that Ecuador has a new chance to honor, for the first time, the payment of its bonds,” said Santiago Mosquera, a former Fitch Ratings analyst who is… Read More Eight Defaults and 180 Years Later, Ecuador to Repay Bondholders
