Ecuador Plans Foreign Bond Issuance; Panama Enacts Electric Vehicle Law

A roundup of Wednesday’s news from across Latin America

Bloomberg Línea
April 28, 2022 | 02:25 AM

Bloomberg Línea — Ecuador’s government has submitted a bill to the Legislative Assembly to place bonds abroad over a period of four years. The maximum amount to be placed is $1.5 billion per year, starting in March 2023 and continuing in March 2024, March 2025 and March 2027. The maturities of the bonds would be at a minimum of five years.

Panama has begun a transition to electric vehicle use with the enactment of a law to foment the development and operation of electric mobility. The legislation establishes that as of 2025, 10% of public transport must be electric, increasing to 25% in 2027 and 40% by 2030.

On the region’s stock markets, Chile’s IPSA (IPSA) led the region’s recovery after Tuesday’s losses, with a rise of 1.57%, while Brazil’s Ibovespa (IBOV) closed with a 1.05% advance.

Following is a roundup of Wednesday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.




Dominican Republic:


El Salvador: