FYI: For those watching oil markets, we see the price of 30 USD thrown around as the price in world markets. However, Ecuador produces what is called lower quality oil. This lower quality actually fetches a lower price on the market and thus increases more pressure on the economy. This free fall in oil prices has also increased the country risk profile. The average prices right now for the two qualities is 21.31 and 18.95. Various reports indicate that with sanctions lifted on Iran, that their oil supply will put further downward pressure on prices. The govt already has slashed the budget I believe 16 percent for 2016, it may not be enough. http://latinamericacurrentevents.com/ec … ces/35466/