June 27, 2008
Quito | EFE
The index of risk of insolvency of sovereign debt of Ecuador (country risk) on Wednesday stood at 583 points, the highest rate so far this month, reported on Friday the Central Bank of Ecuador (ECB).
The risk index of the Emerging Markets Bonds (EMBI, for its acronym in English), which measures the signing qualifying JP Morgan, began June at 547 points.
The country risk had closed May at 541 points.
The country risk is a scale which measures the degree of volatility of a particular economy and allows agents to provide financial risks of foreign investments.
The risk country stood at 4,712 points on the June 5, 2000, the year in which Ecuador adopted dollarization.
On January 15, 2007, when the current president Rafael Correa took over the government, the country risk was 827 points.
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