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

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

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