Connect with us

Hi, what are you looking for?

Ecuador Political News

Ecuador to issue $400 mln bond to finance social housing project- Reuters

Ecuador landscape

 Ecuador is planning to sell a bond worth $400 million to fund the country’s social housing project, a source familiar with the matter said on Tuesday, as the government attempts to revive its economy with investments in the construction sector.

The bond will be backed by the Inter-American Development Bank.

The country’s social housing fund offers loans at subsidized interest rates to middle-income Ecuadorians.

Ecuadorian President Lenin Moreno has struggled to stabilize the country’s fiscal deficit and comply with an IMF financing agreement, withdrawing a fuel subsidy cut in October that had sparked days of violent protests led by indigenous people.

To read the full article on Reuters, click here.


You May Also Like

Chevron Ecuador Blog Posts

1. Steven Donziger Is an Adjudicated Racketeer. The U.S. District...

News & Updates

Disbarred lawyer Steven Donziger likes to present himself to the...

News & Updates

A dishonest campaign is underway to rehabilitate disbarred lawyer Steven...

News & Updates

A Dutch appellate court has rejected Ecuador’s attempt to set...