Ecuador placed USD 700 million in sovereign bonds

Ecuador placed around USD 700 million in sovereign bonds, President Rafael Correa said. “We just put 700 million (US dollars) with an interest rate of 10.5%,” said Correa. He justified the high rate of return by the “current circumstances of the collapse of oil...

Ecuador foreign debt rises to 31.6%

Ecuador’s foreign debt grew by 31.6% in one year. Between November 2013-2014, the figure went from $ 12,847.4 million to $ 16,913.4 million, according to a press release from the Ministry of Finance. Throughout this year there were several changes. In 2013, China’s...

Moody’s upgraded Ecuador´s rating

The rating agency Moody’s upgraded the credit rating yesterday Ecuador, passing of CAA1 to B3, said the Ministry of Finance. The risk rating measures the ability of a country to pay its obligations or debts. The page of Moddy indicates that the rating CAA1 means that...

Mayor Nebot returns $ 30 million corresponding for traffic competences

Guayaquil Mayor Jaime Nebot announced on Wednesday ,September 17, that he ordered the devolution of $ 30 million  the Ministry of Finance transferred to the Municipality  in order to assume control of the traffic competences in the city. According to Nebot, he proceeded in this...