Weekly Report - 06 August 2020 (WR-20-31)

Ecuador’s President Lenín Moreno celebrated the completion of a debt-restructuring deal with bondholders this week. Under the deal, which has been in the pipeline for over a month, Ecuador’s debt repayment commitments will be deferred and reduced in size. But Moreno suffered a setback when a judge on the Tribunal Contencioso Electoral (TCE) ruled that four political parties recently barred from participating in the 2021 presidential and legislative elections would be able to compete after all. This would pave the way for former president Rafael Correa (2007-2017), who Moreno accuses of saddling Ecuador with onerous debts through his populist profligacy and official corruption, to run as a vice-presidential candidate.

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