Ecuador offers 90-day credit deferrals for El Niño victims

Ecuador's government, led by President Daniel Noboa, announced a credit deferral program allowing borrowers affected by El Niño to postpone payments for up to 90 days. The measure aims to provide financial relief and time for reorganization, but details on eligibility and implementation remain unclear. This is a targeted policy response to climate-related economic stress, with limited direct market impact beyond local banking and consumer credit.

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