Ecuador seeks friendly negotiations but faces limited options

Oliver West

June 10, 2020 05:30 am

Ecuador, menu, restructuring, coronavirus, pichincha, 575, LatAm — People walks, wearing a protective mask, in Pichincha, Ecuador, on June 6, 2020. Ecuador is one of the first countries in Latin America to enter into mandatory confinement due to the health emergency by covid-19 in mid-March 2020, almost 3 months after its announcement, government authorities have prioritized the use and management of a traffic light progressive departure and return to normal. This is the case of the Mejia canton in the province of Pichincha, in this we show the departure of several citizens including boys and girls. Despite an apparent normality, this canton is still concerned about the high number of infections and deaths that Ecuador registers due to SARS VOC. (Photo by Rafael Rodriguez/NurPhoto) | Rafael Rodriguez/NurPhoto/PA Images

With bondholders mobilising ahead of a debt restructuring, Ecuador’s bonds have enjoyed a strong rally on the back of the borrower's perceived goodwill to the markets. But the government faces a delicate task in executing a restructuring.

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Health and Biotech Americas LatAm Bonds Emerging Markets LatAm SRI Latin America

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Oliver West

US Bureau Chief - Latin America Editor