Ecuador bonds recover on reform, IMF hopes

Ecuador, protests, Lenin Moreno, indigenous, subsidies, fuel, oil, LatAm
By Oliver West
28 Nov 2019

Prices on Ecuador’s government bonds began to recover this week as investors and analysts said that the debt had been over-sold after President Lenin Moreno’s economic growth law was rejected last week.

Ecuador’s bonds had rallied strongly for most of the year as Moreno clinched more than $10bn of funding from multilaterals as part of an IMF programme.

The programme and parallel reforms granted the sovereign regained market access to the extent it could raise $1.4bn of long 10 year notes ...

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