Referendum Boost Opens Ecuador to Fiscal Rebalancing
Bonds & Loans
Published: 21 March 2018 04:58
Last summer the investor community lamented the election of Lenin Moreno as Ecuador’s new president, anticipating “more of the same” from ex-leader Rafael Correa’s long-time ally and protégé. In calling for a referendum on term limits, however, Moreno appears to have delivered an unexpected blow to his predecessor’s comeback plans. Now it is time to address the fiscal “elephant in the room”.
11 Apr 2018