LatinFinance - March/April 2015 - Supplement - 1

contents

EDITOR-IN-CHIEF Katie Llanos-Small
SENIOR REPORTER Eduardo García
REPORTERS Patrick Ferguson, Jennifer P. Roig
COPY EDITOR Sharon Kahn
SUPPLEMENT CONTRIBUTOR
Lucien Chauvin
ART DIRECTOR Rosa Matamoros-Sense
COVER ILLUSTRATION Flávia Santos
PHOTOGRAPHER Guillermo Granja

2 Economy
Ecuador's economy has strengthened in recent years. That should
set it in good stead for what is likely to be a tough year

5 Government Financing
8

The sovereign has expanded its range of funders. The new
relationships will be called on as export revenues fall

8 Corporate Financing
Ecuadorian companies have access to new funding sources

10 Interview: Esteban Albornoz
16

Ecuador's Minister of Electricity and Renewable Energy on the
clean-energy push

-
DEPUTY PUBLISHER
Teresa Aguilar, T +1 212 224 3051
REGIONAL DIRECTOR
J. Albert Negrón, T +1 305 428 6275
REGIONAL DIRECTOR
Audrey Cechinel, T +1 305 428 6274
SENIOR MANAGER
Nicolas Cano T +1 212 224 3499
VENEZUELA REPRESENTATIVE
Matthew Perks, T +1 718 260 8970

-
EVENTS EXECUTIVE DIRECTOR
Michael Brosgart
EVENTS EDITORIAL DIRECTOR Teddy Ward
DIRECTOR CAPITAL MARKETS
CONFERENCES Aarti Bhatnagar
LOGISTICS MANAGER Bianca Julio
AUDIENCE GROWTH & ENGAGEMENT
MANAGER José Bolivar
RESEARCH & AUDIENCE DEVELOPMENT
Cesar Medina

-
HEAD OF DIGITAL PRODUCT
DEVELOPMENT & MARKETING
Mary Barnes
CIRCULATION MARKETING MANAGER
Patricia Arcic

-

11 Foreign Direct Investment

OFFICE MANAGER Teresa Romero
ASSISTANT TO THE CEO Vicky Maqueira

-

FDI has been growing in recent years. Now, manufacturing and
mining are ripe for foreign investors

12 Interview: Ramiro González
Ecuador's Minister of Industries and Productivity on
manufacturing modernization

16

16 Banking

-
CHIEF EXECUTIVE OFFICER
Taimur Ahmad
CHIEF OPERATING OFFICER
Giuliana Moreyra

-
Telephone: +1 305 416-5261
Fax: +1 305 416-5286
E-mail: editorial@latinfinance.com
www.latinfinance.com

-

As profitability improves at Ecuador's banks, the government is
launching new measures to increase financial participation

18 Trade

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E-mail address:
hotline@latinfinance.com
Subscriptions Customer Service:
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-

With export revenues set to be tested this year, Ecuador is
making a long-term push toward value-added production

20 Interview: Sandra Naranjo
20

LATINFINANCE BOARD OF DIRECTORS
PRESIDENT Christopher Garnett
DIRECTORS Taimur Ahmad, Stuart Allen,
Colin Jones, Giuliana Moreyra

Ecuador's Minister of Tourism on the country's growth industry

LatinFinance Supplements are underwritten by sponsors, although the magazine's editors
retain control over these articles to ensure their objectivity and independence.

LatinFinance® (USPS 004-662), (ISSN 1048-535X)
is published bi-monthly by Latin American Financial
Publications, Inc., 1101 Brickell Avenue, Suite N1200,
Miami, Florida, 33131 USA. Periodicals postage
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POSTMASTER to return Mail to: PO Box 4009
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©2015 Latin American
Financial Publications, Inc.
All rights reserved.
Reproduction in whole or in
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to ensure their objectivity and independence.

A Supplement to LatinFinance - March/April 2015

1


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LatinFinance - March/April 2015 - Supplement

Table of Contents for the Digital Edition of LatinFinance - March/April 2015 - Supplement

Contents
LatinFinance - March/April 2015 - Supplement - Cover1
LatinFinance - March/April 2015 - Supplement - Cover2
LatinFinance - March/April 2015 - Supplement - Contents
LatinFinance - March/April 2015 - Supplement - 2
LatinFinance - March/April 2015 - Supplement - 3
LatinFinance - March/April 2015 - Supplement - 4
LatinFinance - March/April 2015 - Supplement - 5
LatinFinance - March/April 2015 - Supplement - 6
LatinFinance - March/April 2015 - Supplement - 7
LatinFinance - March/April 2015 - Supplement - 8
LatinFinance - March/April 2015 - Supplement - 9
LatinFinance - March/April 2015 - Supplement - 10
LatinFinance - March/April 2015 - Supplement - 11
LatinFinance - March/April 2015 - Supplement - 12
LatinFinance - March/April 2015 - Supplement - 13
LatinFinance - March/April 2015 - Supplement - 14
LatinFinance - March/April 2015 - Supplement - 15
LatinFinance - March/April 2015 - Supplement - 16
LatinFinance - March/April 2015 - Supplement - 17
LatinFinance - March/April 2015 - Supplement - 18
LatinFinance - March/April 2015 - Supplement - 19
LatinFinance - March/April 2015 - Supplement - 20
LatinFinance - March/April 2015 - Supplement - Cover3
LatinFinance - March/April 2015 - Supplement - Cover4
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