The people of Ecuador are rising up to refound their country as a pluri-national homeland for all. This inspiring movement, with Ecuador's indigenous peoples at its heart, is part of the revolution spreading across the Americas, laying the groundwork for a new, fairer, world. Ecuador Rising aims to bring news and analysis of events unfolding in Ecuador to english speakers.

Friday, July 04, 2008

Ecuador could issue foreign debt in 2009: minister

QUITO, July 3 (Reuters) - Ecuador could issue foreign debt in 2009 as the oil-producing country seeks to reprofile its more expensive bonds abroad, the nation's finance minister said on Thursday.

"In 2008 we are preparing the conditions to in 2009 return to the international (debt) markets," Minister Fausto Ortiz told foreign reporters in Quito.

He said that could include issuing foreign debt at lower interest rates and better terms than the country's current private debt.

Ecuador's global bonds due in 2012, 2015 and 2030 total around $3.8 billion, according to Finance Ministry data.

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