How Acceptable Is Ecuador’s “Final Offer” to Foreign Creditors?

The AdHoc group around BlackRock would accept the offer. Other creditors are still skeptical. The Moreno government needs financial leeway before elections.

RIO DE JANEIRO, BRAZIL - The Ecuadorian government hopes to tackle the country's dire economic situation with a "final offer" to restructure its foreign debt. One major group of creditors, the AdHoc Group, initially expressed its satisfaction with the offer submitted. However, other creditors are hoping for a more favorable proposal. The AdHoc Group also includes the world's largest asset manager  - BlackRock - which holds around 53 percent of all Ecuadorian debt securities.

The . . .

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