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Emerging MarketsEM LatAm

Ecuador sets example for EM restructurings, says creditor group

Ecuador, debt restructuring, Lenin Moreno, president, LatAm, 575

As private creditors continue to resist calls to participate in coordinated debt relief efforts, a group of Ecuador’s bondholders appeared to be insisting that another path was possible as they said the South American sovereign had set a positive precedent for other EM sovereign debt restructurings likely to follow in the Covid-19 era.

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