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Bond Market News
Ecuador’s Dollar Bonds Rise as it Reaches IMF Agreement for $1bn Program
May 12, 2022
Ecuador and the IMF reached a staff-level agreement regarding the economic policies required to conclude reviews of its 27-month Extended Fund Facility arrangement-supported program. Once the review is complete, Ecuador will have access to financing worth ~$1bn, which will be used for the national budget.
Ecuador’s dollar bonds were up over 2 points – its 0.5% 2040s were 2.1 points higher to 54.11.
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