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Ecuador Government Continues Negotiations With Indigenous Communities

LATAM
  • 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)

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