• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

The cost of Ecuador’s debt remains high

Posted On 24 Oct 2017

Ecuadornews:

 

Interest rates of the Ecuadorian debt remain high, although government officials managed to reduce the country risk to get cheaper loans.

In the last bond placement on October 18, the interest rate was 8.875%. While in the paper placements of last year up to May 2017, the interest fluctuated between 9,125 and 10.75%.

However, although Ecuador’s borrowing interest rate declined last week when compared to other countries that have the same risk rating as Ecuador (B), the interest rate is still higher.

President Lenin Moreno has said since the election campaign, that he will seek to cover the expensive debt, obtained by the previous government, with a cheaper debt.

In fact, to give creditors peace of mind, Finance Minister Carlos de la Torre has argued that the government will honor its commitments and pay its debt on time.

Moreover, De la Torre has approached multilateral organizations such as the International Monetary Fund (IMF) or the World Bank (WB). Days before the bond issue he traveled to Washington (USA) to meet with these agencies and present the economic plan. (I)

 

 

Source: http://www.expreso.ec/economia/deuda-ecuador-alto-interes-bonos-BF1788201

About the Author
  • google-share
Previous Story

Ecuadorian films take part in the Trieste Festival in Italy

Next Story

GamaTV lost $ 5 million for broadcasting weekly addresses

SEARCH

LATEST NEWS

ecuadortimes-cristian-espinosa-was-appointed-ambassador-of-ecuador-to-the-united-states_cristian-espinosa-fue-nombrado-embajador-de-ecuador-en-estados-unidos

Cristian Espinosa was appointed Ambassador of Ecuador to the United States

Posted On 28 Jun 2024
ecuadortimes-daniel-noboa-receives-the-credentials-of-the-new-united-states-ambassador_daniel-noboa-recibe-las-cartas-credenciales-del-nuevo-embajador-de-estados-unidos

Daniel Noboa receives the credentials of the new United States ambassador

Posted On 27 Jun 2024
40-000-mujeres-recibiran-becas-en-educacion-superior

40,000 women will receive scholarships in higher education

Posted On 26 Jun 2024
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net