NEW YORK - A U.S. banker has hailed progress in talks on debt restructuring with Ecuador and said the country could soon resume payments.

"We're hopeful that [interest payments will resume] at the beginning of the year - I hope January," a U.S. banker said after taking part in meetings with Ecuadorean debt negotiators in New York last week.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.