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LatinNews Daily - 31 July 2020

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In brief: Ecuador delays debt restructuring deadline

* Ecuador’s economy ministry has agreed to delay the deadline for finalising a debt restructuring deal with foreign bondholders, from today (31 July) until 3 August, “as an act of good faith”, at the request of the New York federal district court that is hearing the legal case against the government’s restructuring proposal, filed by two investment funds on 29 July. The statement from the economy ministry followed the first hearing of this case, and insisted that while it does not anticipate a ruling that will threaten the finalisation of an agreement with the required 66% of bondholders, this extra time will help to complete negotiations, in light of the disruption caused by the lawsuit.