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The Cuenca Dispatch publishes exclusive reports on Ecuador’s economy, politics, crime and more that you will not find published anywhere else on the web.
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Volume 9, Issue 01
From the week of October 06, 2024
Public Hearing Scheduled for Allegations of Early Campaigning Against Vice President Abad
Electoral Contentious Court judge Ivonne Coloma is presiding over a case brought by CPCCS member Juan Guarderas.
Only Five Political Parties in Ecuador Field Candidates Nationwide for Upcoming Elections
Political organizations in Ecuador registered a total of 496 lists for assembly members in the upcoming elections. However, only five—Revolución Ciudadana, ADN, Amigo, Creo, and SUMA—managed to field candidates in all 24 provinces.
A Greek Lesson in Politics
So here I am, staying in an Airbnb in Greece, where my host, Spiros, has been a fascinating guide into the local culture—and more importantly, its politics. One evening, Spiros and I went out for drinks, and the conversation quickly veered into comparing the political landscapes of the U.S. and Greece. Without skipping a beat, […]
Ongoing Repairs Keep Part of Cuenca-Girón-Pasaje Highway Closed Until Mid-October 2024
The Cuenca-Girón-Pasaje highway, one of Ecuador’s most problematic routes due to geological faults, will remain closed until at least mid-October 2024, according to the Minister of Transport and Public Works.
Emerging Criminal Insurgency in Ecuador: Understanding the Threat and Its Implications
Criminal organizations in Ecuador are entering a phase of direct confrontation with the state, according to the Organized Crime Observatory (OECO). This shift has led to a new state of emergency aimed at strengthening efforts to combat gangs.
Update: LATAM and Delta Expand Access to Over 300 Destinations in the Americas Following Strategic Agreement
LATAM Airlines and Delta Air Lines have announced a strategic alliance that could provide Ecuadorian passengers with access to more affordable fares on flights connecting to North America.
Prison Construction in Juntas del Pacífico Area Reaches 30% Completion
The new prison in Santa Elena, located between the Juntas del Pacífico and Bajada de Chanduy communes, is 30% complete, with construction efforts intensifying across multiple areas.
Ecuador’s New State of Emergency: A Response to Rising Violence and Crime
In a recent executive decree, the government admits that crime and violence remain high in Ecuador. Minister Arturo Félix Wong also highlights that “historically, October is the most violent month.”
Update: Avianca Fined $980,000 for Violating Free Competition Regime in Colombia
Colombia’s Superintendency of Industry and Commerce (SIC) has accused Avianca of imposing “discriminatory conditions” on its competitors.
Corn Shortage Forces Small Poultry Farms to Sell Off Birds as Egg Prices Rise
A severe corn shortage is pushing small poultry farms in Tungurahua to the brink, as the price of a bucket of eggs continues to climb.
Volume 8, Issue 52
From the week of September 29, 2024
Cuenca’s Deluge: Rains Bring Relief and Risks After Prolonged Drought
Cuenca experiences torrential rains, restoring river levels but causing flooding and disruptions throughout the city.
Government’s Decision to Relocate CELEC Headquarters Sparks Local Backlash
Government relocates CELEC headquarters to Quito, sparking backlash from Cuenca officials over centralization concerns.
Eight years and counting…
If you look at the numbers above, you may be a little shocked to see that this is the last issue of the eighth year of The Cuenca Dispatch! I, for one, know that I’m surprised. I honestly never...
Country’s Escalating Fire Crisis: The Leading Threat Since 2010
Between 2010 and 2023, the Secretariat of Risk Management recorded 66,046 hazardous events across Ecuador, with Pichincha and Guayas being the hardest-hit provinces.
Noboa Urges Private Companies to Boost Energy Generation Amid Power Outages
President Daniel Noboa has announced new legislation aimed at increasing private sector involvement in energy production to address the country’s ongoing power shortages. Additionally, he commented on his decision to cancel the sale of the presidential aircraft, Legacy EMB-135 BJ.
How to Receive Amazon Orders in Ecuador for Just $5 with the New ‘Flat Rate’
Amazon has introduced a special promotion offering international shipping at just $5 to six countries, including Ecuador. Here’s how you can take advantage of this offer through the app’s new ‘flat rate.’
Ecuador Faces Prolonged Power Crisis as Hydroelectric Projects Are Delayed Until 2030
During Rafael Correa’s government, plans for these two hydroelectric plants were drawn up, but they have not been implemented. Now, under the Noboa administration, there are plans for them to start operating between 2030 and 2032.
Ecuador Prepares for December Corn Imports Amid Production Shortfall
The Ministry of Agriculture has announced that corn imports will begin in December 2024, following the conclusion of Ecuador’s harvest. Companies wishing to access import quotas must comply with the minimum support price when absorbing the national production.
Update: Turkish Barge Resumes Full Operations, Offers Compensation to Ecuador for Power Disruptions
Turkish energy company Karpowership has resolved the issues that led to a temporary decrease in electricity production from its barge stationed in the Guayas River, Ecuador, and is offering compensation for the undelivered power.
Update: Vice President Verónica Abad Files Second Complaint Against President Noboa Before the TCE
The Electoral Disputes Tribunal (TCE) has consolidated two complaints filed by Vice President Verónica Abad against President Daniel Noboa and other officials, alleging political violence. Meanwhile, her son, Sebastián Barreiro, denies claims of holding $7 million in offshore tax havens.
Volume 8, Issue 51
From the week of September 22, 2024
Ecuador on the Brink: Corn Shortage Sparks Food Crisis
Ecuador is facing a food crisis due to a severe corn shortage, driven by drought, poor agricultural practices, and economic factors.
World Bank: Ecuador Needs $3.7 Billion Annually to Address Climate Change
A World Bank report indicates that Ecuador will experience the most significant impacts of the climate crisis in transportation, disruptions to economic activity, and agricultural losses.
(Dog) Food for Thought
I’m on vacation this week, so I’m sharing a column I wrote seven—yes seven—years ago. Although Bonita is no longer with us, the story and its significance continue to resonate through the years. -Michael
Legislative Benches React to President Noboa’s Proposal to Eliminate State Funding for Political Organizations
President Daniel Noboa has proposed reforms to Articles 110 and 115 of the Ecuadorian Constitution, which would end state financing for political parties and movements. The proposal will first be reviewed by the Constitutional Court and, if deemed viable, will then move to the National Assembly for debate.
Country Faces Severe Rainfall Deficit Across Multiple Regions
Inamhi reports that unusual atmospheric conditions have made cloud formation challenging, a rarity for the country. This has also contributed to rising temperatures.
Corn Deficit: Rising Prices and Grain Shortages Push Pork Sector Costs Up by 20%
Industry experts warn that the price of pork per pound for producers will increase from $4.20 to $4.50. While the sector has absorbed higher costs, the situation has now become “unsustainable.”
Edmundo González Claims He Was Blackmailed into Recognizing Maduro’s Victory
Opposition leader Edmundo González Urrutia alleges he was coerced by Chavistas before seeking asylum in Spain.
The United States Clarifies No Plans for Permanent Military Presence in Ecuador, Amidst Growing Cooperation
Following a partial reform of the Constitution announced by President Daniel Noboa, on September 20, 2024, the United States Embassy confirmed that they will not request authorization to establish a military base in the country.
Turkish Barge Begins Generating Electricity After Passing Tests in Ecuador
As Ecuador braces for nightly blackouts lasting up to eight hours, a Turkish barge has commenced electricity generation to help alleviate the energy crisis.
Update: Colombia Reaffirms Limits on Energy Sales to Ecuador
Colombia announced on Thursday, September 19th, a series of preventive measures to ensure a stable electricity supply.
Update: Vice President Verónica Abad Files Protective Action Against Ministry of Labor and Attorney General
On Thursday, September 19, 2024, Ecuador’s Vice President, Verónica Abad, took legal action against the Ministry of Labor and the Attorney General’s Office by filing a protective action.
Volume 8, Issue 50
From the week of September 15, 2024
The Massive Blackout of September 2024
This is the second major power outage to affect several cities in Ecuador during the presidency of Daniel Noboa.
The Measures that Pave Daniel Noboa’s Path to the 2025 Presidential Elections
The government’s recent announcement to cover electricity bills for December, January, and February aligns conveniently with the upcoming electoral campaign and presidential elections.
My Meaningless Vote
One thing most expats will admit is that they still follow U.S. politics. Some do it quietly, trying to let go but just can’t. Then there’s the group like me: we follow it obsessively, convinced that our deep dive into political analysis makes us somehow more enlightened—and that maybe, just maybe, we can fix the […]
Getting Rid of Verónica Abad: The Conflict the Government is Racing to Resolve
In an attempt to distance her, President Daniel Noboa appointed Vice President Verónica Abad as Ecuador’s ambassador to Israel, a role within one of the country’s most expensive diplomatic missions.
Shri’s Work: An Indian Woman Shaping the Future by Teaching English in Ecuador
At 47, Shri finds great joy in sharing knowledge with children, whom she sees as her own. She firmly believes that teaching with love yields positive results.
Possibility of a New Debt Swap for the Conservation of the Amazon
Ecuador may soon complete a second debt-for-conservation swap, a move investors have been anticipating since April 2024.
Puerto Cabuyal: the commune that protects a marine reserve in Ecuador
By Liliana Rivas The fishermen of this community, located on the northeast coast of Ecuador, have set themselves a goal: to protect the Puerto Cabuyal-Punta San Clemente Marine Reserve, a vital...
Daniel Noboa Vetoes Fire Defense Law Passed by Assembly
President Daniel Noboa has vetoed the Fire Defense Law, citing “errors” in the proposal approved by the Assembly.
Update: Mazar Reservoir Water Level Nears Critical Low Amid Ecuador’s Electricity Crisis
The Mazar reservoir is now less than 12 meters above the minimum level required to operate its hydroelectric power plants.
Update: Diana Salazar Reacts to the Dismissal of Her Impeachment: “We Knew the Narco-Trials Were Born Flawed”
Attorney General Diana Salazar commented on the National Assembly’s decision to dismiss the impeachment proceedings against her.
Update: New Judge to Be Appointed in Verónica Abad’s Political Violence Complaint Against Daniel Noboa
Diana Jácome, an advisor to President Daniel Noboa, successfully challenged the judge overseeing the case, prompting the TCE to assign a new judge.
Volume 8, Issue 49
From the week of September 08, 2024
Expert Warns: Ecuador May Face Extended Blackouts Without Immediate Action
Mazar reservoir decline, low output from Coca Codo, and Colombia’s energy export risks heighten blackout threats.
Benches Confirm They Will Not Vote to Censure or Dismiss Prosecutor Diana Salazar
The Legislative Administration Council (CAL) consolidated two requests for impeachment proceedings, both originating from Correísta party members. However, no date has been set for the process to begin.
Everything That’s Fit to Print
This week, The Cuenca Dispatch isn’t really focused on one topic so much as it’s giving attention to some of the things that go on in an ever evolving a country. I don’t necessarily mean that politically—though politics clearly played a role in more than one of this week’s stories. What I mean is that […]
President Noboa Highlights Need for Legislative Support in Manabí Amid Key Infrastructure Deliveries
President Daniel Noboa emphasized the necessity of having a National Assembly that aligns with his administration during his visit to three cantons in Manabí on September 4th. His visit was marked by the inauguration of crucial infrastructure projects aimed at supporting the region’s agricultural sector, particularly with irrigation systems and floodgates.
Number of Ecuadorians Detained at the Southern U.S. Border Increases by 40.8% Compared to 2023
While the number of detainees has already surpassed the total for 2023, there was a decrease from May to July 2024.
Ecuador’s Budget Increasingly Dependent on Taxes, Not Oil
Ecuador faces declining oil revenues, increasing reliance on tax income, and production challenges, with future oil revenue uncertain.
Petroecuador Faces Criticism for Lacking Essential Supplies for Oil Spill Containment and Environmental Restoration
Petroecuador’s spill response deficiencies lead to widespread environmental and legal issues.
Travel time between Guayaquil and Cuenca could be reduced by at least one hour with a new highway
This improvement is part of an ambitious project recently revived by the government, in collaboration with the state-owned Korea Expressway Corporation (KEC).
Update: Avianca reopens the Guayaquil-Cartagena route from December 2024
The Guayaquil-Cartagena route closed in August 2023, after five months of operations. Avianca will reopen its flights between the two coastal cities; find out about the itineraries. Colombian airline Avianca is reopening the Guayaquil-Cartagena route starting December 17, 2024, with two weekly flights. Between March and August 2023, Avianca operated this same route, as well […]
Update: Turkish Barge to Temporarily Dock at Former Ecuagran Pier on the Guayas River
The Turkish barge, which arrived on August 12th at Las Esclusas, in southern Guayaquil, will be relocated and temporarily dock at the former Ecuagran pier, according to Karpowership, the company that owns the vessel, in a statement issued Friday, September 6th.
Volume 8, Issue 48
From the week of September 01, 2024
More than 1,900 Forest Fires Recorded in Ecuador So Far in 2024
The fires have resulted in the loss of 18,332.58 hectares of vegetation cover. Forest fires have been reported in Loja, Quito, and Guayaquil in recent days, sparking significant concern. The largest...
A Powerless Future
This week, I want to lay out my thoughts on the energy crisis and how it will worsen with the closure of the Yasuní-ITT oil fields. Let’s be clear: these are two separate issues—at least for now. Currently, most of our energy problems stem from the country’s reliance on electricity generated by hydroelectric plants. For […]
Waorani Indigenous People Demand Involvement in the Closure and Dismantling of Block 43-ITT
The Waorani people have submitted a document to the Constitutional Court outlining guidelines for the closure of the oil field. One of the immediate measures proposed is to shut down all the wells. A year after the announcement of the August 2023 popular consultation results, in which it was decided to leave the Yasuní crude […]
“Do Your Work Somewhere Else; It’s Dangerous Here”: Drug Violence Threatens Research in Ecuador
Drug violence is increasingly disrupting scientific research in Ecuador, forcing scientists to avoid certain regions due to safety concerns. Biologist César Garzón was in pursuit of a small, endangered parrot in Ecuador when a threat to his life forced him to abandon his mission. In one of the most biodiverse countries in the world, drug […]
Energy Consumption in Ecuador Up by 18% Over a Decade
In the last decade, Ecuador’s energy consumption grew dramatically, with transportation and fossil fuels—gasoline and diesel fuel—dominating demand. From 2013 to 2023, Ecuador’s energy demand surged by 18.3%, increasing from 86.2 million barrels of oil equivalent (BOE) to 102 million BOE. This rise encompasses the consumption of hydrocarbons, electricity, firewood, sugarcane production, and non-energy products. […]
Energy Crisis: Harnessing Volcanic Heat for Power Generation Under Consideration
The government is exploring the potential of Ecuador's 22 active volcanoes to diversify power generation and reduce dependence on hydroelectric plants. Amid the electricity sector emergency declared...
Historic and Controversial Oil Closure in Ecuador: ITT Produced 155.9 Million Barrels Over Eight Years of Full Operation
The process was launched by mandate of a popular consultation. In 2024, the plan is to close 10 wells, with 48 wells to be shut down annually from 2025 to 2028, and the remaining 44 wells scheduled for closure in 2029. Operations in Block 43-ITT (Ishpingo, Tambococha, Tiputini) began in 2016 after the failure of […]
Legal Problems, Impeachments, and a Pre-Election Atmosphere Await the Assembly’s Return
A judge’s order to reopen three closed impeachment proceedings could intensify the ongoing dispute with the government. Several legislators are expected to seek re-election. The National Assembly is back in session after its legislative recess, focusing on disputes, impeachments, occasional bills, and the upcoming 2025 general elections. The recess was not free of controversy and […]
Marmoset Monkeys Call Each Other by Name, Just Like Humans
Research conducted by the Hebrew University of Jerusalem has revealed that marmoset monkeys engage in name-calling behavior, a trait previously observed only in humans, dolphins, and African...
Powership Electric Barge Delayed by At Least 15 Days
The Turkish company Karpowership faces fines for missing deadlines Problems with the anchoring of the Powership Emre Bey barge at Las Esclusas, south of Guayaquil, could result in Karpowership facing up to three types of fines, including one per thousand (1×1,000) of its commitments per day of delay, and even a percentage of the power […]
The Monumental Task Ahead: Dismantling Ecuador’s Largest Oil Field and Its 6,000 Pieces of Equipment
Ecuador is facing one of the most challenging environmental and logistical tasks in its history: the complete shutdown of the ITT oil field, the country’s largest oil production site. This monumental endeavor of shutting down the ITT oil field involves not only taking down 247 operating wells but also dismantling approximately 6,000 assets, including an […]
Volume 8, Issue 47
From the week of August 25, 2024
Ecuador’s Attorney General Diana Salazar Faces Impeachment Battle, Labels it a “Narco-Trial”
Ecuador's Attorney General Diana Salazar is set to face an impeachment trial in the National Assembly, a proceeding she controversially described as a "narco-trial." This legal and political drama...
American Teen Promotes Camp for Low-Income Children in Ecuador
A camp in the province of Imbabura aims to empower children through English language education. In a remote corner of Ecuador's Sierra region, to date 79 children from impoverished villages have...
Chronic Childhood Malnutrition Highlights Equity Gaps in Ecuador, PAHO Reports
Chronic childhood malnutrition in Ecuador reveals deep socioeconomic and ethnic disparities. One in five children under two years old in Ecuador suffers from chronic childhood malnutrition, revealing deep equity gaps driven by factors such as ethnicity, place of residence, and the socioeconomic status of the mother, according to the Pan American Health Organization (PAHO). Sonia […]
Helping Children
This week, I’m stepping away from the usual topics and focusing on something different—two stories in TCD that caught my attention: “American Teen Promotes Camp for Low-Income Children in Ecuador” and “Chronic Childhood Malnutrition Highlights Equity Gaps in Ecuador, According to PAHO.” I’m setting aside all the usual policing, politics, and power plays because, frankly, […]
Ecuador to Implement New Police Model to Combat Organized Crime in Key Areas
IDB finances Ecuador’s new police model to combat organized crime. The Inter-American Development Bank (IDB) plans to finance a new police model tailored to regions most affected by crime, including a criminal intelligence system. Additionally, social service centers will be established to prevent the recruitment of minors into criminal activities. Nathalie Alvarado, coordinator of the […]
Complaint of Political Violence Against President Daniel Noboa Proceeds: Key Hearing Scheduled for September 12th
The ongoing political tension within Ecuador’s highest offices took a significant turn as the Electoral Disputes Tribunal (TCE) admitted a complaint of alleged political gender violence filed by Vice President Verónica Abad Rojas against President Daniel Noboa Azín. This case also implicates several other members of Noboa’s administration, including Foreign Minister Gabriela Sommerfeld, Vice Minister […]
Panama Ramps Up Migrant Deportations: Ecuadorians Among Those to Be Repatriated
Panama begins deporting Ecuadorian migrants after U.S.-backed repatriation agreement. Panama is intensifying its efforts to deport migrants who have crossed the treacherous Darien jungle, with Ecuadorians set to be among those repatriated in the coming days. The initiative is part of a broader plan backed by the United States, aimed at managing the increasing number […]
Power Generation Barge Begins Operations in Ecuador
The Turkish power generation barge, operated by Karpowership, is set to commence operations. The vessel, named Emre Bey, is docked in front of the Las Esclusas electrical substation in southern...
President Orders Rapid Modernization of Force Manuals for Police and Military
Noboa orders modernization of force manuals to combat rising threats. In response to increasing threats from organized crime and emerging terrorist tactics, President Daniel Noboa has issued Executive Decree No. 371, mandating the immediate modernization of the operational manuals governing the legitimate use of force by the National Police and the Armed Forces. This move […]
Volume 8, Issue 46
From the week of August 18, 2024
Jan Topic to Run as SUMA’s Presidential Candidate, Succeeding Pedro Freile
Jan Topic, a businessman from Guayaquil, has been chosen as the presidential candidate for the SUMA movement, stepping in after Pedro Freile. He will partner with María Cristina Calderón Saá-Jaramillo as his vice-presidential running mate.
Ecuador to Hire Additional Barges for Electricity Crisis, Announces Energy Minister
The government of Daniel Noboa has announced plans to hire one or two more barges to address the ongoing electricity crisis. These will be added to the existing barge leased from the Turkish company Karpowership.
Coffee talk
Doesn’t it seem that no matter where we live, we are surrounded by the absurdities of politics? Consider this: all the political stories in this week’s issue could just as easily be about Brazil, Mexico, Argentina, or even the United States. One person accuses another of doing a terrible job. Another calls someone a criminal. […]
Ecuador’s Energy Imports from Colombia Surge Amid Early Drought
Ecuador has been forced to significantly increase its electricity imports from Colombia due to an early onset of drought. In 2023, the country paid a steep 21.6 cents per kilowatt-hour to Colombia—nearly four times the cost of its domestic energy.
The Reappearance of the ‘Cutín de Molleturo,’ and Endemic Frog Thought Lost for 100 Years
The Pristimantis ruidus, (also known as the ‘Cutín de Molleturo’) a frog species endemic to Ecuador, has been rediscovered by scientists after eluding them for a century.
Yambo Lagoon: From Enigma to Tourist Hotspot
The mysterious Yambo Lagoon, nestled between the provinces of Cotopaxi and Tungurahua, was once at the heart of judicial investigations into the disappearance of the Restrepo brothers. This enigmatic body of water, located in Cotopaxi, has been the subject of numerous legends and stories, adding to its allure as a destination steeped in mystery.
Vice President Verónica Abad Ordered to Clarify Complaint Against President Noboa—Jácome Files Counter-Complaint Against Abad
Vice President Verónica Abad’s allegations against President Daniel Noboa and several of his top officials—and advisor Diana Jácome—have taken a new turn as an Electoral Contentious Tribunal (TCE) judge has demanded that she clarify the legal grounds of her complaint. In a surprising retort, Jácome has filed a similar complaint of gender-based political violence against Abad.
Customers Flock to First Starbucks in Ecuador; Krispy Kreme Opens Nearby This Week
Ecuadorians turned out in droves for the opening of the country’s first Starbucks in Quito, where a small American coffee costs $1.70 and a large Ultimate Caramel Frappuccino goes for $6.15. The anticipation was palpable. As early as 7:00 a.m. on August 15, 2024, eager customers began lining up outside Scala Shopping Mall in the […]
Ricardo Patiño, Rafael Correa’s Right-Hand Man, Ends Exile and Returns to Ecuador for National Assembly Candidacy
Ricardo Patiño, a prominent figure in Ecuador’s political landscape and a key ally of former President Rafael Correa, has returned to Ecuador after a four-year self-imposed exile in Mexico.
Google Wallet Expands Across Five Ecuadorian Banks: A Guide to Getting Started
Google Wallet, a virtual payment platform, is now available at five financial institutions in Ecuador. Here’s how you can start using it.
Update: Progress on Authorizing Direct Flights Between Galapagos and Cuenca
The Cuenca Airport Corporation aims to attract tourists who visit the Galapagos Islands to stop in the city of Cuenca to experience its attractions, gastronomy, and architecture.
Volume 8, Issue 45
From the week of August 11, 2024
Tour a Park of Volcanoes and Glaciers in Ecuador
by Geraldine Santos With more than 404,103 hectares spread across four provinces, the Cayambe Coca National Park is the third largest in Ecuador and the only one that passes through the equatorial...
María José Pinto Joins Daniel Noboa as His Vice-Presidential Candidate of the 2025 Election
María José Pinto González-Artigas, a business leader and social advocate with extensive experience in the textile industry and public service, has been nominated as Daniel Noboa’s vice-presidential candidate for the 2025 Ecuadorian elections.
It shouldn’t be a ‘bully pulpit’
It’s that time of year when Ecuador’s political powers pick their candidates who will soon be talking a lot about the economy, country-risk, credit, foreign investment, and maybe a little on the side about the energy crisis. In the end, like in most democratic countries, people will elect their “leaders” based on the party they […]
Rare Bush Dog Captured on Camera in Ecuadorian Amazon
Speothos venaticus, a rare wild canid, was recently sighted in the northern region of Sucumbíos, Ecuador.
Karpowership Barge Emre Bey Set to Anchor in Guayaquil’s Abandoned Dockyard
Four old power generation barges, abandoned by Termoguayas, are docked where the Turkish-made power generation ship Emre Bey will soon be anchored. The Emre Bey is expected to contribute 100 MW of electricity to Ecuador’s interconnected system.
Ecuador’s Country Risk Reflects Economic Weakness, Expected to Remain High
The week began with declines in international stock markets and Ecuador’s country risk reaching 1,460 points. By week’s end, the risk had dropped to 1,397 points.
Ecuador’s Foreign Investment Falls Sharply Amid Regional Decline
In 2023, Latin America’s foreign direct investment fell by 10%, with Ecuador experiencing a dramatic 57% decline, driven by reduced inflows to major economies and a downturn in service sector investments.
Bank Lending Recovers After Deposits Rise; Cooperative Lending Struggles to Rebound
The credit portfolios of banks grew by 8.2% in July 2024, with deposits increasing by 11%. In contrast, credit growth in cooperatives was only 0.7%, the lowest level since 2016.
Citizen Revolution Picks González and Borja for 2025, Correa Criticizes Noboa
The Citizen Revolution has announced Luisa González and Diego Borja as its 2025 presidential and vice-presidential candidates, while Rafael Correa criticized President Daniel Noboa and rejected alliances with other leftist groups, focusing on positioning the party as a strong opposition force.
Update: Government Repurposes Unasur Building for Education and Music Conservatory
Update to: Ecuador begins its official withdrawal from Unasur Published: Volume 4, Issue 15 President Daniel Noboa has directed the Ministry of Foreign Affairs to transfer the abandoned Unasur building to the Secretariat of Higher Education (Senescyt) to expand the academic offerings through Higher Education Institutes. Once the headquarters of the Union of South American […]
Update: Noboa Transfers Vice President Abad to Turkey Amid Middle East Tensions
Update to: Verónica Abad in “Danger” in Israel, Warns Ecuador’s Vice President Published: Volume 8, Issue 44 President Daniel Noboa has ordered the “temporary transfer” of Vice President Verónica Abad from her role as Ecuador’s ambassador to Israel to the Ecuadorian Embassy in Turkey, located in Ankara. This directive, issued through Executive Decree 353, was […]
Volume 8, Issue 44
From the week of August 04, 2024
Atillo: A Complex of Lagoons Rich in History and Natural Beauty
The Atillo lake complex is a treasure trove of history, nature, and energy sustainability. Located in the Guamote canton of Chimborazo, this community contributes 20% of the national energy demand through its tributaries.
Colombia and Peru Flourish in Tourism While Ecuador Faces Setbacks
Security problems are hampering Ecuador’s hopes of making a comeback as a tourist destination. Colombia and Peru have been able to overcome this issue. Colombia and Peru are two of the most popular tourist destinations in Latin America, while Mexico, Argentina, and the Caribbean remain popular. In contrast, Cuba is hampered by supply problems, Venezuela […]
Parties and Movements to Finalize Candidates for 2025 Elections by August 17th
The deadline for political organizations to carry out their internal democratic processes begins this Saturday. Nine parties and movements have already decided on the dates for their assemblies.
Karpowership’s Troubling Track Record and Heavy-Handed Fee Collection in Other Countries
Turkey’s Karpowership, which will charter a barge to Ecuador, has faced legal issues and taken a tough stance on collecting invoices in some countries where it has operated.
President Daniel Noboa’s Battle in the Constitutional Court Amid Legislative Tensions
President Daniel Noboa, facing a fractured relationship with the National Assembly, is increasingly turning to the Constitutional Court in an effort to shift the political balance in his favor. As tensions with the legislature escalate, the President seeks judicial intervention to uphold his policies and counter legislative resistance. The relationship between the Government and the […]
Stupid is as stupid does
Wow, hell of a week, huh? The stock market started crashing last week and went into freefall on Monday. Seems the job report from last week has the world fearing that the United States will go into a recession. Sure, that could happen, but what I suspect will really happen is that in September the […]
Noboa Still Needs $6.049 Billion in Loans to Get Through December: Where Will He Find Them?
Local lenders have become a lifeline for the Noboa government, having lent it $4.095 billion. However, it still needs to raise $6.049 billion for the remainder of the year.
Energy Minister Predicts Severe Drought and Reservoir Decline, Outlines Action Plan
Energy Minister Antonio Goncalves reported on July 26, 2024, that July saw the lowest water levels in Ecuador’s reservoirs in 61 years. Speaking to Forever Radio, Goncalves highlighted the severity of the upcoming dry season, which he predicts will be drier than the years 1992, 1995, and 2023.
Venezuelans in Ecuador Fear New Migration Surge if Maduro Stays in Power
Representatives of Venezuelan migrant associations in Ecuador emphasized on August 2nd in Quito that the July 28th elections in Venezuela were an “electoral fraud.”
Update: Verónica Abad in “Danger” in Israel, Warns Ecuador’s Vice President
The Vice Presidency of Ecuador has issued a warning regarding the safety of Verónica Abad, stating that her security is crucial for maintaining the presidential line of succession.
Update: Ecuador Secures 250 MW in New Energy Contracts to Tackle Crisis
Energy Minister Antonio Goncalves announced on August 3rd that contracts have been signed to supply a total of 250 MW of additional energy to the national grid.
Volume 8, Issue 43
From the week of July 28, 2024
Venezuelan Elections: International Community Casts Doubt on Maduro’s Victory Amidst Calls for Recount
Following Venezuela's presidential election, Nicolás Maduro's victory has been widely contested, with opposition leaders and numerous international voices demanding a recount due to allegations of...
Ecuadorian Diplomatic Support Responds to Migration Crisis in 2024
Embassies assist thousands of vulnerable migrants facing critical situations. In the first half of 2024, Ecuadorian embassies and consulates have addressed over 11,000 requests for assistance, most of which have come from Mexico and the United States. The ongoing migration crisis remains a significant issue in Ecuador, with thousands of families attempting to reach the […]
Transparency Commission Urges National Assembly to Reject IMF Loan on Constitutional Grounds
Correísta-led Commission deems International Monetary Fund (IMF) loan illegal and calls for Finance Minister’s removal. The Transparency Commission of the National Assembly, driven by a Correísta...
Impeachment Trial Against Ecuadorian Foreign Minister Gabriela Sommerfeld Faces Criticism
Sommerfeld contends that the trial is an unjust attack on her efforts to uphold Ecuador’s sovereignty and international obligations. The impeachment trial against Ecuador’s Foreign Minister Gabriela Sommerfeld, driven by the Citizen Revolution (RC) movement, has stirred significant controversy, with allegations of political maneuvering overshadowing the proceedings. The trial, which commenced on July 26, 2024, […]
Fraud in Venezuela
Obviously, the top story in TCD this week is the fraudulent election in Venezuela. I make that accusation with some confidence, because the evidence that President Nicolás Maduro stole the election comes from exit polls showing opposition candidate Edmundo González leading 66% to 30%. Of course, exit polls can be inaccurate—remember the Clinton-Trump election in […]
JetBlue Will Stop Flying from Guayaquil to Fort Lauderdale in January 2025
Update to: Navigating the Dynamic Terrain of Ecuador’s Low-Cost Aviation Market Published: Volume 8, Issue 23 JetBlue plans to suspend 18 routes in the last quarter of the year, including the flight from Guayaquil to Fort Lauderdale. New York-based low-cost airline JetBlue will undergo several changes in the last quarter of 2024, including the suspension […]
Central Bank Manager: “The recession phase ended in June 2024, and a recovery phase begins.”
Although experts and industrialists believe that Ecuador's economy is stagnant and will remain so for the next few months, the Central Bank believes that a recovery phase will begin in July. In a...
Avianca Increases Flights from Ecuador to Colombia and the Dominican Republic
Update to: Avianca suspends routes from Cartagena and Medellín to Guayaquil Published: Volume 7, Issue 39 Each route will have three additional flights per week, said Tourism Minister Niels Olsen. Avianca will increase its flights from two cities in Ecuador to Colombia and the Dominican Republic. This was announced by the Minister of Tourism, Niels […]
Ecuador Does Not Yet Have Conditions for Exemption from the Schengen Visa, Says European Union Ambassador
Update to: President-elect Noboa embarks on a mission to achieve the Schengen visa exemption for Ecuadorian citizens Published: Volume 8, Issue 4 The European Union ambassador to Ecuador, Charles-Michel Geurts, who will leave the country in August, recalled that the exemption from the Schengen visa was one of his goals when he arrived. The exemption […]
Nene Case: Investigation Against Verónica Abad’s Son and Advisor Concludes After Four Months
Update to: Nene Case Transferred to National Court Jurisdiction Unit Due to Possible Links with Vice President Verónica Abad Published: Volume 8, Issue 36 The preliminary hearing for the alleged offer of influence peddling in the Nene case will take place in September 2024, after four months of investigations. The investigations into alleged influence peddling […]
Judge in Metástasis Case Admits to Taking Bribes to Free Criminals
To obtain a reduced sentence, Emerson Curipallo, alias “El Gran Gitano,” admitted that he received $200,000 to free convicted criminals. “El Gran Gitano” is the pseudonym by which Emerson Curipallo was known. A former judge from Santo Domingo, he was part of a judicial corruption structure that facilitated the release of two of the trusted […]
National Assembly Considers Bill that Critics Say Could Harm Foreign Investment
Proposed bill threatens foreign investment by limiting arbitration and payments. A proposed bill in the National Assembly aims to impose stricter restrictions on international arbitration, which critics argue could deliver a “final blow to foreign investment” in Ecuador. The bill, known as the ‘Law for the Fulfillment of the Popular Will Expressed in the Popular […]
Volume 8, Issue 42
From the week of July 21, 2024
Vice President Abad Says She Has Not Yet Been Summoned to a Hearing at the Electoral Dispute Court
“I don’t know what I’m being tried for; I don’t know of any documentation,” said Vice President Verónica Abad. The Electoral Dispute Tribunal set a hearing for August 15th.
Karpowership Barge to Cost $115 Million, Generate 110 MW for Power Crisis
Energy Minister Antonio Goncalves explained why the Turkish barge had already set sail for the region without a signed contract.
Corr(uption)eístas
Where to start this week? I’m taking a slight detour from what’s published in The Cuenca Dispatch (TCD) to discuss some other news from Ecuador, which is related to one of this week’s stories. You’ll read that the Correístas blocked the vote in the National Assembly to impeach Wilman Terán, former president of the Judicial […]
Wilman Terán and Maribel Barreno Avoid Censure in Impeachment Trial
The National Assembly did not secure the necessary 92 affirmative votes. Members of Correa’s RC party abstained from voting.
Update – Avianca to Offer Daily Flights from Quito to Buenos Aires
Update to: Avianca inaugurates new direct route connecting Quito and Orlando Published: Volume 7, Issue 34 Starting August 31, 2024, Avianca will increase its flights between Quito and Buenos Aires to a daily service, adding three additional frequencies. This expansion will provide more than 2,100 seats per week on the route. Tickets are available for […]
Salinas Fishermen Harassed by Drug Traffickers: “If You Complain, You Die”
Fishermen from Salinas and other towns in Santa Elena describe how they succumb to pressure from drug traffickers, who pay up to $10,000 to transport drugs.
June was the Most Violent Month of 2024 in Ecuador: 592 People Killed
Between February and June 2024, during the internal armed conflict, violent deaths in Ecuador increased by 61%.
Providing Drinking Water to 10,000 People in Rural Ecuador: A Challenge Aiming to Change Lives
José Luis Álvarez, president of the Sumar Juntos Initiative, explains the scope of this project in a country where 35% of homes still do not have drinking water.
Ecuadorians’ Harrowing Journeys: Personal Stories of Risking Lives to Reach the USA
More than 350,000 Ecuadorians have been deported from the United States between 2021 and May 2024.
Volume 8, Issue 41
From the week of July 14, 2024
Ecuador’s Country Risk Drops to 1,278 Points but Remains High Due to Persistent Uncertainties
The ITT issue, the upcoming elections, and normal market movements keep the indicator fluctuating.
Vice President Verónica Abad Faces Legal and Personal Turmoil Amid Early Campaign Allegations
Abad faces legal charges for alleged early campaigning, with a crucial hearing scheduled for August 15th. Amid political tension and personal claims of endangerment, Abad stands firm against mounting pressures from President Noboa’s administration.
A Shot Heard Round the World
I had planned to reprint one of my old columns this week since I’m on vacation. But the major event of the week cannot be ignored, so here I go. I’m talking, of course, about the assassination attempt on Presidential candidate Donald Trump. Thankfully, Trump sustained only minor injuries and will be able to continue […]
Corruption in Ecuadorian Ports Worries UN Anti-Drug Office
The UN Office on Drugs proposes greater control of corruption in Ecuador’s ports, which are key to drug trafficking. The plan includes mechanisms to combat money laundering.
New Law Enforces Stricter Penalties Following Popular Consultation and Referendum
The new law, effective as of July 12, 2024, implements changes mandated by the popular consultation and referendum held on April 21, 2024. It introduces tougher penalties for various crimes and streamlines asset forfeiture procedures.
Nearly Two Million Venezuelans Entered Ecuador in Six Years; Around 500,000 Remain Despite Declining Numbers
In the first quarter of 2024, the number of Venezuelans leaving Ecuador increased by 33% compared to last year.
Replacing Combustion Vehicles with Clean Energy Vehicles: Migration in Ecuador Already in the Plans of Automotive Brands
Hybrid and electric vehicle sales grew by 768% and 4,000% from 2019 to this year. Ford, for example, estimates that by 2032 its entire portfolio will be electric.
Construye’s Bench to Vote Against Dismissal of Chancellor Gabriela Sommerfeld
The trial is in the preliminary phase, with the deadline for presenting evidence both for and against the case set for Friday.
Volume 8, Issue 40
From the week of July 07, 2024
“Sound of Freedom” Activist Tim Ballard to Address Child Trafficking in Ecuador
Tim Ballard, a former U.S. security agent and activist who exposed a case of child pornography in Canoa (Manabí), which inspired the movie “Sound of Freedom,” is set to deliver three lectures in Ecuador.
Ecuadorian Communities Unite to Revive Historic Inca Trail with New Highway
Community members are ending half a millennium of waiting by building a highway that will link the Central Sierra with the Coast and the Amazon. Cotopaxi, Tungurahua, and Bolívar have united in a $2 million project to realize this dream, with hopes to inaugurate it within a year.
Look at it this way…
I’m traveling right now for a few weeks—in the US—and it has put me in a pensive mood. I find myself somewhat disconnected from my surroundings. Denver is still familiar to me but does not seem like home anymore. Nor does Florida, my mother’s adopted home state. I feel like I’m a passenger on a […]
Ecuador’s Transporters Plan National Strike Over Fuel Subsidy Cuts and Road Insecurity
Interprovincial transporters in Ecuador have announced a national strike on July 16 and 17, 2024, in protest against the elimination of gasoline subsidies and increasing insecurity on the roads. This decision comes as a major challenge for the government of Daniel Noboa, which is preparing to face its first significant strike since taking office.
Kidnapped Migrants Number in the Thousands: An Alarming Trend
The total number of kidnapped migrants is in the thousands, and many do not report these incidents out of fear. Organized crime networks intercept groups of migrants, with taxi or bus drivers sometimes selling travelers to traffickers.
At Midyear, Ecuador’s Economy Faces Challenges Amidst Political Uncertainty and Energy Crises
Ecuador’s economy is facing a challenging year in 2024, with significant hurdles such as power outages and political uncertainty due to upcoming elections.
Country’s Largest Hydroelectric Plant Threatened by Rapid Erosion
Rapid erosion threatens Ecuador’s largest hydroelectric plant, Coca Codo Sinclair, prompting concerns about its stability and operational future.
Powership Barge on its Way to Address Ecuador’s Electricity Crisis
Roberto Luque, former Energy Minister and current Minister of Transport and Public Works announced that the barge the government will rent to address the electricity crisis is already in route to Ecuador, despite the contract not yet being signed.
Dunia Martínez Elected President of Judicial Council Despite Lack of Experience
Despite no judicial experience, Martínez says she aims to modernize and bring transparency to the Council.
Volume 8, Issue 39
From the week of June 30, 2024
Constitutional Court Sets Criteria for Deportation of Foreigners Amid Migrant Rights Debate
Ecuador can deport a foreigner, but first it must evaluate "five axes of democracy, such as family ties," ruled the Constitutional Court. In 2019, the Constitutional Court analyzed the detention of...
Ecuador’s Economy Grows 1.2% Despite Decline in Exports and Household Consumption
According to a report from the Central Bank of Ecuador, between January and March, exports and household consumption contracted. The 3.3% reduction in imports pushed Ecuador's economy to grow...
Ecuador Appoints Cristian Espinosa as Ambassador to U.S., Bolstering Diplomatic Relations
The seasoned diplomat has a long history of engagement with the United States, notably leading negotiations for the free trade agreement in 2004. The United States government has officially approved...
Construction Flaws and Natural Risks Threaten Ecuador’s Largest Hydroelectric Plant
Construction failures and natural risks threaten to permanently put Coca Codo Sinclair, Ecuador’s largest hydroelectric plant, out of operation. Three risks could permanently disable Coca Codo Sinclair, which, with 1,500 megawatts of power, is the largest hydroelectric plant in Ecuador. Coca Codo Sinclair is located between the Amazonian provinces of Napo and Sucumbíos. It was […]
Correismo Pushes to Halt Trial Against Wilman Terán
Correismo members on the Oversight Commission approved a report recommending that the Plenary Assembly archive the impeachment trial against Wilman Terán, the former president of the Judiciary Council. On Saturday, June 29, 2024, the Assembly’s Oversight Committee approved a report to file the impeachment petition against Wilman Terán, former president of the Judiciary Council, along […]
Government Announces Measures to Aid Families and Reduce Teenage Pregnancies
In a concerted effort to provide financial assistance to the most vulnerable families and address teenage pregnancies, the government has announced several new measures and programs. More than 1.4 million people currently receive some form of bonus or pension from the state. The government allocates around $1.3 billion annually for these initiatives. Starting in October, […]
It should be called the Corruption—not Citizen— Revolution
Just when you think you’ve seen it all…the Correístas find a way to amaze yet again. Much like a magician who uses sleight of hand to stop you from seeing the big reveal, the Correístas have managed to corrupt the political system once more to let one of their own escape justice. I’m talking, of […]
Government Seeks Outside Approval for New State of Emergency
Four days ago, the Government approached the World Jurist Association (WJA) with the aim of preparing a new state of emergency decree, this time to pass the filters of the Constitutional Court. President Daniel Noboa will attempt again to declare a state of emergency due to the insecurity situation that Ecuador is experiencing, after the […]
Private Sector and Government Unite to Combat Crime and ‘Retake’ Durán
The National Government is preparing a new police and military intervention in Durán, involving different ministries. Former presidential candidate Jan Topic is leading a new strategy with the municipality and the private sector, which includes patrols with armored vehicles. The interventions in Durán have lost the element of surprise. Middle managers of the criminal gangs […]
Volume 8, Issue 38
From the week of June 23, 2024
The Return of the ‘Candidate President’
For the first time in 11 years, a sitting president is running for re-election. Daniel Noboa will become a presidential candidate again, raising concerns about the implications. The term "candidate...
Ecuador’s Electricity Sector Facing Critical Situations
Ecuador’s electricity sector is currently grappling with several major crises, with significant implications for the Coca Codo Sinclair hydroelectric plant. The Coca Codo Sinclair hydroelectric plant has ceased operations due to sediment buildup. Consequently, an emergency has been declared to contract new energy sources. This situation is further exacerbated by the threat of low water […]
Electoral Complaint Against Verónica Abad: Daniel Noboa’s Last Option to Retain Presidential Power
Daniel Noboa Azín, President of Ecuador, has exhausted all institutional means to legitimize his candidacy for the 2025 general elections without relinquishing his duties. The only option left is for the Contentious Electoral Tribunal (TCE) to process a complaint for electoral infringement against Vice President Verónica Abad Rojas and potentially disqualify her. After the State […]
Exports from Ecuador to Mexico grew 181% in April despite embassy impasse
From January to April, shipments of Ecuadorian products to Mexico increased by 100%, with a general export growth of 5% to all destinations. Two and a half months after the police raid on the...
Indigenous Responses to Ecuador’s Fuel Subsidy Changes: Past Protests and Present Dynamics
During the governments of Lenín Moreno and Guillermo Lasso, the indigenous movement carried out violent protests resulting in deaths and economic losses. The government of Daniel Noboa announced a $0.26 increase in the price of a gallon of extra and Ecopaís gasoline, along with a price adjustment based on a band scheme tied to the […]
Update: Ecuadorian Migration Through Darién Gap Drops by 41% in Early 2024
Update to: The Darién Crisis: Record Migration Marks 2023, Ecuadorians Fleeing Insecurity Published: Volume 8, Issue 12 This figure represents a decrease compared to the same period in 2023,...
Sunny with a Few Clouds
This week, the Cuenca Dispatch covers familiar topics: Iza, Abad, Noboa, Mexico, and Coca Codo Sinclair. While all of this information is important, it doesn’t particularly excite me—and that’s a good thing. What I mean is that none of these issues are so outrageous that I feel the need to go on and on about […]
Iza Makes Accusations, Unions Plan Protest
Leonidas Iza Salazar, the president of the Confederation of Indigenous Nationalities of Ecuador (Conaie), has accused the government of Daniel Noboa Azín of allegedly introducing “henchmen” to disrupt their organizational structures. This accusation comes amidst actions rejecting the government’s economic policies. On June 21, 2024, during the celebration of Inti Raymi (Festival of the Sun), […]
Update: Death Toll from Heavy Rains in Ecuador Rises to 19
Update to: El Niño is weakening in Ecuador, though rainfall and extreme heat persist. Published: Volume 8, Issue 25 The number of deaths due to the severe storms that have shaken the Sierra region of Ecuador since last weekend rose to 19 as of the night of Friday, June 21, 2024, according to the National […]
“We need to reach the territories to provide real, not fictitious, information about subsidies,” says Minister
The Secretary of Management and Development of Peoples and Nationalities of Ecuador, and former leader of Conaie, Marco Guatemal, recently discussed the objectives of his administration and why he believes the elimination of gasoline subsidies does not warrant a popular mobilization. Unlike his predecessor, President Daniel Noboa chose a representative from the same indigenous movement, […]