Daniel Noboa highlights the historic reduction of country risk during his administration

President Daniel Noboa highlighted the historic reduction of Country Risk as one of the main achievements of his economic administration. Since the beginning of his first term in November 2023, the indicator has dropped by almost 1,300 points, currently standing at 688 points, the lowest level in more than a decade.

“When there are results, lies collapse on their own” stated the president, also emphasizing that annual inflation stood at 1.24% in October, the lowest figure since 2021.

Noboa stressed that these advances are the result of a responsible economic policy focused on stability and sustained growth.

The decline in Country Risk was consolidated after the end of the strikes promoted by CONAIE, a fact that reaffirmed the Government's leadership and its determination to maintain a firm policy of withdrawal and redistribution of the diesel subsidy, ensuring fiscal sustainability.

According to analysts, the improvement in the indicator reflects the growing confidence of international investors in the Ecuadorian economy. Political stability, fiscal discipline, and fulfillment of debt commitments have strengthened the country's image in global markets.