Ecuador: Foreign debt up 16 percent in 2013 from 2012 level

Posted on January 2, 2014 • Filed under: Economy, Ecuador

WSJ.com reported that Ecuador’s foreign debt in October totaled $18.33 billion, up 16% from a year before, the central bank said. The amount is equivalent to about 20% of Ecuador’s $90 billion gross domestic product forecast for 2013. According to current law, the country’s debt-to-GDP limit is 40%. Read Article

Want to know more about Ecuador’s culture? Read This book
One reader stated “This is an outstanding book, crammed with information about Ecuador that you will not find elsewhere. Nick Crowder has focused on issues other writers and bloggers simply ignore but which are vital to anyone considering moving to this South American country.”

Share This Story
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • email