Ecuador Weekly Report: Ambitious Fiscal Plan
- Government looks to save USD1.3bn annually in budget cuts
- New fiscal deficit target is set at 0.5% of GDP by 2021
- External financing will come this year, just not in shape of bonds
- Grim perspective led Fitch to downgrade Ecuador to “B-“
- Success of fiscal plan should help improve credit ratings and
perspectives
BancTrust & Co. is a boutique investment bank dedicated to Latin America and specialized in High Beta LatAM & the Caribbean Credit Markets; mainly Venezuela, Argentina, and Dominican Republic.
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