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Ecuador Leader Floats Possible Bonds Placement in Wake of Deadly Earthquake

Ecuadorian President Rafael Correa
Ecuadorian President Rafael Correa - Sputnik International
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Ecuador President Rafael Correa said the country may begin issuing international bonds to help mobilize resources in earthquake relief efforts.

People stand next to the debris of a building after an earthquake struck off the Pacific coast, in Manta, Ecuador, April 16, 2016 - Sputnik International
Ecuador Earthquake Death Toll Rises to 553 - Prosecutor General
MEXICO CITY (Sputnik) – Ecuador may begin issuing international bonds to help mobilize resources in earthquake relief efforts, President Rafael Correa said in a televised conversation with the media Wednesday.

Correa estimated the total damages from Saturday’s 7.8-magnitude quake near the coastal city of Pedernales at $2-3 billion.

The updated death toll from the earthquake stood at 553 people, with 4,600 wounded and at least 100 still missing.

The earthquake caused damage to over 800 buildings across several affected cities.

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