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Economy & Business - February 2007
Ecuador pays its debt
The economy ministry eventually transferred US$135m to its agent banks to pay the interest due on 15 February on its US$2.7bn of bonds that mature in 2030. We forecast that President Rafael Correa would make the payment in our January edition. International credit rating agencies such as Moody's and Standard & Poor's had been arguing that the risk of Correa not making the payment was growing.
- Is Venezuela swerving leftwards?
- Decent stats, worrying auguries
- Strong currency, low growth, low inflation
- ARGENTINA: Decent growth but doubts about inflation
- PARAGUAY: Worries about the central bank
- CHILE: Economy grew by 4.2% in 2006
- URUGUAY: Record imports
- BOLIVIA: 5% growth forecast
- COLOMBIA: Bit of a muddle
- ECUADOR: Budget goes to congress
- PERU: Better than expected
- VENEZUELA: Inflation rears
- COSTA RICA: Bank credit jumps 36% in 2006
- CUBA: Hoping for 10% growth in 2007
- DOMINICAN REPUBLIC: Inflation still falling
- EL SALVADOR: Saca tries for US$100m without FMLN support
- GUATEMALA: Help needed for agriculture, health and justice
- HONDURAS: Maize exports halted
- NICARAGUA: IMF Deal
- PANAMA: New car sales boom
- El Niño arrives…and goes
- SUGAR: Brazil expects to benefit from sugar expertise
- Briefs
- MEXICO: Why Gil's arrival at Telefónica matters
- World Bank report highlights the downsides of remittances
- Ecuador pays its debt