Ecuador: 85 local governments miss El Niño preparedness deadline
Published 2 d ago1 sourceEvidence: Reported
Ecuador's Superintendent of Banks clarified that credit deferrals related to El Niño will not be automatic; each case will be analyzed and installments can be moved to the end of the loan without surcharges. This clarifies policy for borrowers and banks, but the impact is limited to Ecuador's financial sector.
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