Ecuador pays a lower interest rate on its public debt

The financial cost of external debt fell since 2019; meanwhile, domestic debt obligations are increasingly onerous.

RIO DE JANEIRO, BRAZIL - The average interest rate on Ecuador's public debt stood at 3.99% in February 2022. It was the lowest indicator since 2019, when the financial cost was 6.16%.

The drop occurred due to a reduction in the interest rate of external debt, which went from 6.2% in December 2019 to 3.2% in February 2022.

One of the reasons lies in the renegotiation of Ecuador's . . .

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