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Emerging MarketsEM LatAm

Bondholders sanguine as Ecuador reverses subsidy cuts

Ecuador, Quito, protests, Lenin Moreno, fuel subsidies, LatAm, indigenous

Yields on Ecuador’s sovereign bonds widened sharply this week after 11 days of mass popular protests drove the government to backtrack on plans to remove fuel subsidies. However, investors insisted it was not the end of the country's attempted recovery.

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