LATAM PULSE
This week will see intensified negotiations as Argentina tries to avoid a ninth sovereign default. Beyond Argentina, the spread of Covid-19 in the region will dominate the week ahead even as some countries tentatively loosen restrictions; yesterday, 17 May, the number of confirme… Become a member to read the rest of this article Username or E-mail […]
ECUADOR: Guayaquil outbreak to create new debt pressures and political risks
The government is struggling to contain the Covid-19 outbreak in the local epicenter of Guayas province, whose capital – Guayaquil – is the country’s economic hub. As of this morning (local time) on 1 April, there were 2,748 confirmed Covid-19 cases across the country, and 93 dea… Become a member to read the rest […]
ECUADOR: Government acts to ward off default siren calls
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 hig… Become a member to read the rest of this […]
ECUADOR: Government walks tightrope
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… Become a member to read the rest of this article