Guillermo Lasso´s government and the party “CREO” are currently in charge of the Ecuadorian government (since 24 May 2021, after its triumph in the presidential elections). The arrival of a center-right president puts investors and international markets in the spotlight, placing Ecuador as an attractive destination to invest. MSI's Ecuador law member Expertiseadvisor Abogados provides further insight.
Countries considered more stable in Latin America, such as Chile, Peru and Colombia, have many challenges due to their political tensions, government changes, constitutional modifications. Confidence in President Lasso's nascent government will depend, at least initially, on his regime's vaccination campaign.
According to analysts from international firms specialized in political risk, after Lasso's triumph, Ecuador's country risk fell 345 basis points. Now, what is the country risk? Country risk is an indicator that measures a country's debt payment possibilities and is prepared by the US bank. The higher the indicator, the more interest rates rise when borrowing. Lasso has indicated that the country risk has reduced thanks to his triumph and has urged banks to reduce interest rates.
All readers of this article who are investors are cordially invited to invest in projects such as the train, hydrocarbons and construction with low interest rates in Ecuador.
