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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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