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Economy / Ecuador

Ecuador

March 2011 | Risk Summary

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We believe that Ecuadorian President Rafael Correa's recent move to provide the International Court of Justice (ICJ) with a map of its maritime boundary with Peru could help to settle the border dispute between Chile and Peru. The map could shed some light on the set borders in the region, although Peru argues that the agreements made in the 1950s were only designed to mark out fishing rights. Should we see a quick resolution to the matter and an improvement of international relations within the region, we may be prompted to upwardly revise the 'security/external threats' subcomponent of our propriety political risks ratings.