He country risk of Ecuador continues to collapse, since this indicator closed on March 4, 2024 in 1,321 points, which means a drop of more than 800 points since President Daniel Noboa assumed power, on November 23, 2023.
The fall of the indicator reflects market optimism in the face of advances in Ecuador’s economic policy.
A first positive sign that led to lowering the country risk was the increase in VAT at 15%, achieved by Noboa through the Law of Internal Armed Conflict, which will go through the ministry of law. Another message seen with optimism by the market was the announcement by President Daniel Noboa of the intention to sign an agreement with the IMF.
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