LatinNews Daily - 20 May 2026

*Ecuador’s central bank (BCE) has announced that the country’s international reserves were at their highest level on record as of 15 May, at US$13.28bn. This was up from US$11.51bn in April and US$8.28bn in May 2025. International reserves have been on a mostly upwards trajectory since January 2024, when they stood at US$4.49bn. The BCE wrote on social media that recovery of international reserves “consolidates fiscal stability and the sustainability of the dollarisation scheme”. The government’s ability to sustain the dollarised system, in place since 2000, had come into question in the months after President Daniel Noboa took office in November 2023 amid speculation that Ecuador might default on its debt obligations.

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