• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Guillermo Lasso prepares a dozen reforms; one of the first to be sent will be a tax reform
50-year-old man, mining worker, is the case zero of the Brazilian variant of coronavirus in Ecuador
Police capture the State Comptroller General, Pablo Celi, for alleged organized crime
Jaime Durán Barba, the ‘electoral guru’ who was key in Guillermo Lasso’s victory
Guillermo Lasso: the US and Ecuador will once again be allies
Rafael Correa: We honestly believed we were winning, but our projections were wrong
The European Union will continue to ‘strengthen’ cooperation with the new Government of Ecuador
With 99% of the minutes scrutinized, Guillemo Lasso wins the Presidency with 52.42%
Ecuador applies two doses of vaccine for every 100 inhabitants. How many are administered in other 48 countries in America?
Ecuadorian migrant died after falling from the border wall between the United States and Mexico

The debt path is more expensive and complex

Posted On 19 Jul 2016

decrecio-economia-ecuadortimes

The government of Rafael Correa faces a series of data, that according to analysts, will hinder the obtaining of financing needed for the rest of 2016.

The latest figure is the Gross Domestic Product (GDP). According to the Central Bank, the economy shrank by 3% in the first quarter of this year compared with the same quarter of 2015. A fact that affects the country’s image, says Luis Espinosa Goded, analyst of the Rey Juan Carlos University of Madrid and professor at the San Francisco de Quito University.

This does not mean, added the expert, there will be no money. What it means is that lenders will put more rigid conditions before granting a loan.

An example: in late 2015, the Government expressed its interest to issue bonds debt for 1,000 million dollars. According to what Coordinator Minister of Economic Policy Patricio Rivera said in november, the country expected optimal conditions for this issuance. That scenario is now more distant, ensures Espinosa Goded.

Source: http://expreso.ec/economia/el-camino-de-la-deuda-es-mas-caro-y-complejo-IC499309

 

About the Author
  • google-share
Previous Story

National Electoral Council receives signatures from parties until today

Next Story

In less than a month, CNE staff will review 2.5 million signatures

SEARCH

LATEST NEWS

Guillermo Lasso prepares a dozen reforms; one of the first to be sent will be a tax reform

Posted On 15 Apr 2021

50-year-old man, mining worker, is the case zero of the Brazilian variant of coronavirus in Ecuador

Posted On 15 Apr 2021

Police capture the State Comptroller General, Pablo Celi, for alleged organized crime

Posted On 13 Apr 2021
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net