Efectos del Covid 19 en la deuda externa: caso Ecuador.

Abstract

The external debt consists of the set of obligations that a country has with creditors abroad, it is made up of a public part and a private part, the Ecuadorian aggressive indebtedness is associated with the oil boom of the 70s, a time when national income was found in full rise thanks to the barrel price of Ecuadorian crude. Coronavirus disease (COVID-19) is an infectious disease that can be characterized as a pandemic. Ecuador has been characterized as the country with the highest excess death rate in the world, the Covid-19 pandemic has hit Ecuadorian society hard, with devastating results in its health and economic system. In this way, it is intended to analyze the impact of Covid-19 on the external debt during the year 2020 in Ecuador, which allows the design of new strategies for the control and strengthening of economic sectors. To carry out this research, an analytical and documentary research design has been used, in addition to a deductive methodology and historical direction, allowing us to collect the most information that supports the case study. The increase in external debt is due to factors such as the acquisition and renegotiation of loans with the IMF, as in recent periods, where the Covid 19 pandemic put pressure on the executive branch to strengthen sectors such as health, trade , exports and imports. It is necessary for the state to prioritize the economic and social stability of the country, including a democratic criterion in its purchasing decisions for debt, in which the well-being of current and future society prevails.