Ecuador Bonds Jump on $4 Billion Loan Agreement With IMF

Ecuador bonds led gains among emerging-market peers Thursday after the nation reached a deal with the International Monetary Fund for a four-year loan of about $4 billion.

Notes due in 2030 jumped 1.5 cents to 53.2 cents on the dollar, the highest since June 2022, according to indicative pricing data compiled by Bloomberg. The staff-level agreement, which still requires approval from the IMF board, provides liquidity amid a series of crises weighing on President Daniel Noboa’s short time in office.

Source: BLOOMBERG