Teneo-Europe-Report

March 24, 2020

ECUADOR: Government acts to ward off default siren calls

BY Nicholas Watson

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( 3 mins) The government has fended off pressure to declare a debt moratorium and is instead set to secure additional external funding that will help in the struggle to contain the COVID-19 outbreak and keep the acutely fragile economy afloat. However, pressure to suspend debt payments highlights how political grandstanding could undermine the government’s approach to tackling […]

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