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LatinNews Daily - 20 February 2023
In brief: Ecuador’s country risk continues to rise
*Ecuador’s country risk has continued to rise in the wake of the 5 February referendum and local elections, which both delivered blows to President Guillermo Lasso’s centre-right government. According to the central bank (BCE), country risk rose to 1,632 points on 16 February, up from 1,514 points on 7 February and 1,120 points on 5 February. The rise in country risk, which measures the uncertainty associated with investing in a country and is widely used as an indicator for debt default risk, could drive up borrowing costs for the government.
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