Millennial President Eyes Ecuador Win After 100% Bond Rally (1)

When he became the youngest president to be elected in Ecuador’s history, Daniel Noboa promised to attack twin crime and fiscal crises with a sense of urgency. His biggest victory, though, may have been with Wall Street.

Just 14 months after winning — and already facing reelection — Noboa has engineered a turnaround for the South American nation in debt markets. By pushing through a fiscal reform, he’s lifted the serial defaulter’s bonds out of distressed territory for the first time since 2022, drummed up demand for a debt-for-nature transaction and handed investors 100% returns along the way.

Daniel Noboa

Photographer: Andres Yepez/Bloomberg

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