August 10, 2022 12:13 GMT
- Ecuador government, indigenous organizations continue negotiations aimed at resolving demands left over from June protests.
- Morgan Stanley strategists have noted the bond market has worsened its perception of Ecuador’s future performance due to the government’s political woes.
- “Political uncertainty is set to remain very high, which impacts confidence and in turn investment” as protests may resume and the hard-line opposition controls congress.
- The political weakness overshadows positive factors like cheap valuations, the price of oil, large reserves and continued IMF support. (BBG)