The country risk of Ecuador rose after the diplomatic impasse with Mexico for the armed raid on the Embassy of this country in Quito to capture Jorge Glas. The figures of Banco Central For the first time, they reflect an increase in this indicator in April.
With a slight increase, the country risk stands at 1,180 points until April 8, 2024. That is, 17 points more than what was registered since April 5 when the incident occurred, which was condemned by at least twenty countries. .
After the declaration of the internal armed conflict of EcuadorOn January 8, 2024, the country risk had had a considerable reduction, going from 2,039 to 1,233, until March 31. And with the rise of Value Added Tax (IVA) to 15% since April 1, this indicator fell even further.
That is why in April no increase had been reported and since then there has been a decrease of seventy points.
Country risk is an economic indicator that places each country in the international market to determine risks and opportunities.
According to Teleamazonthis value determines the possibility that a State does not pay the external debt, in addition, the higher it is located, the investors consider that country to be more risky and also the fewer options to receive international loans.
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