Last week, Ecuador’s country risk began to fall from the 2,000 points that prevailed in the less than two months that Daniel Noboa’s government has been in power.
This Thursday, January 18, 2024, this indicator, which measures the perception of international markets about the possibility of a country meeting its obligations, stands at 1,879 points, according to data published by the Central Bank of Ecuador.
On January 11, it was 2,011 points. The next day, the Government sent to the National Assembly a proposal to increase the value added tax (VAT) from 12% to 15% in an urgent project called the Organic Law to deal with internal armed conflicts, social and economic crisis, with the aim of obtaining revenue to cover these fronts.
The debate is taking place in the Assembly, which has the authority to approve or not the proposal, and also in the sectors of society from which a number of alternatives have been proposed for the state to get resources to combat the drug crime that caused the violent day. January 9 with attacks in several areas of the country and an incursion into TC television.
Source: Eluniverso
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