Teneo-Europe-Report

March 11, 2020

ECUADOR: Government walks tightrope

BY Nicholas Watson

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( 3 mins) President Lenin Moreno last night, 10 March, announced an emergency package of measures designed to boost government revenues by USD 2.25bn. Moreno cited the impact of the global COVID-19 outbreak together with the oil price drop as reasons for the package. Ecuador’s country risk premium had already risen significantly before this week’s oil price developments […]

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