From seven points away from the risk of the country of Ecuador reaching the threshold of 2,000 points, as it happened in early August in the middle of the campaign for the first round of elections, this indicator had a slight decline and was at 1,949 points on Friday, November 10.

The Central Bank of Ecuador published the latest official data this Monday morning. Country risk, which measures the market’s perception of whether a country will pay its foreign debts, escalated last week. On Tuesday, it exceeded 1,800 points, and on Wednesday it exceeded 1,900 points to reach 1,993 points on Thursday, November 9.

Ecuador’s country risk is already at 1993 points, Daniel Noboa’s announcements cause this effect

This is in the middle of the first statements of the newly elected president Daniel Noboa Azín regarding finances: in Washington he said that Ecuador is taking risks default public debt in 2026 or 2027 if the country does not increase public income, he also spoke of the need for a “bridging loan” from multilateral lending organizations to develop his government plan. He announced the tax reform and that “the fiscal situation is worrying, but at the same time we have to make strong decisions without forgetting the people who voted for us”.

In 2023, the country’s highest risk peak was on August 3, 2035 points, and in the August 20 election, it reached 1,814 points. It fell to 1,750 the next day and has since fluctuated between 1,700, 1,800 and 1,900 points, according to a report from the Central Bank of Ecuador.