Ecuador sets example for EM restructurings, says creditor group

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Ecuador sets example for EM restructurings, says creditor group

Ecuador, debt restructuring, Lenin Moreno, president, LatAm, 575
President of Ecuador Lenin Moreno hold a conversation on Ecuador's political and economic priorities and the US-Ecuador relationship, today on February 13, 2020 at the Atlantic Council in Washington DC, USA. (Photo by Lenin Nolly/Sipa USA) | Lenin Nolly/SIPA USA/PA Images

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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