Ecuador’s central bank said in its indicators that the country’s risk began the post-election week at 1,750 points, implying a level similar to that before President Guillermo Lasso declared a death crucifix that led to early elections.
This indicator — which measures the probability that a country will default on its financial obligations — was at 1,773 points on May 16, 2023. The next day, the crucifixion was applied and, consequently, the National Assembly was dissolved and the mandate shortened. Las’s period until the election of new representatives of the Government and the legislative body. Then the country’s risk increased to 1832 points.
The country’s risk will be high for “several years”, after the cross death and election processes
Since then, it has experienced ups and downs, and at the beginning of August, it crossed the 2,000 point mark. In the middle of July (14th) he breathed a sigh of relief and fell to 1747 points. The Friday before the election on August 20, it was 1,814, and the day after going to the polls, it was at its lowest level in a month: 1,750 points.
Votes processed by the National Electoral Council (CNE) confirm that there will be a second round of elections between correísta candidate Luisa González (Civil Revolution) and businessman Daniel Nobo (National Democratic Action).
Country risk: how has it evolved over the last 10 years?
The possibility of a runoff was one of the factors that analysts saw in the week before Ecuador’s election for the country’s risk to begin to decrease, which has been at high levels since the strike led by the Confederation of Indigenous Nationalities of Ecuador (Conaia) in June 2014. 2022 .
Questions and answers Elections 2023
Source: Eluniverso
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