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CFN and BanEcuador will merge to create new public bank

CFN and BanEcuador will merge to create new public bank

by | May 3, 2022 |

The new entity will be the Bank for Economic Development of Ecuador BP The National Government is in the process of merging the National Financial Corporation (CFN) and BanEcuador, as approved under in the Organic Law for Economic Development and Fiscal Sustainability. The law, passed last November in part as a consequence of the Covid-19 […]
Eight Minister’s and one Secretary resigned from Lasso’s cabinet in the first year of his term

Eight Minister’s and one Secretary resigned from Lasso’s cabinet in the first year of his term

by | May 3, 2022 |

Most resignations occurred in April 2022. In its first eleven months, President Guillermo Lasso’s government has had nine ministers and secretaries resign. At least 5 of those were in April 2022, a few weeks before President Lasso celebrates a year (on May 24th) in office. Mae Montaño, Minister of Economic and Social Inclusion The first Minister to go, […]
If the world were perfect, it wouldn’t be

If the world were perfect, it wouldn’t be

by | May 3, 2022 |

“It’s déjà vu all over again.” Yogi Berra said that. He said a lot of “Yogi-isms” over the years. Like, “You can observe a lot by watching.” Or “Nobody goes there anymore. It’s too crowded.” He was one heck of a ball player and certainly a character. And I got to meet him once. I […]
New Minister of Energy and Mines will try to tackle Lasso’s oil production goals

New Minister of Energy and Mines will try to tackle Lasso’s oil production goals

by | May 3, 2022 |

Vice minister Vera replaces Juan Carlos Bermeo who only lasted 11 months in the role. Xavier Vera Grunauer is a civil engineer from Guayaquil. He was the Deputy Minister of Energy and Mines until Thursday, when President Guillermo Lasso installed him as head of that ministry, replacing Juan Carlos Bermeo Calderón. Bermeo, who had held the position since June 2021, […]
State of exception decreed in Guayas, Manabí and Esmeraldas putting soldiers and police in the streets

State of exception decreed in Guayas, Manabí and Esmeraldas putting soldiers and police in the streets

by | May 3, 2022 |

The measure includes a curfew in certain parishes and special operations by the Police and the Armed Forces Making international news, President Guillermo Lasso announced that there will be a 60-day state of emergency in Guayas, Manabí and Esmeraldas. The objective of the state of exception, Lasso said, is to try to combat the criminal gangs that dominate those provinces. Lasso made […]

Lasso accuses Correa and Nebot of manipulating the Assembly

Published on May 03, 2022

Facebook Twitter Google+ LinkedIn  According to Lasso, the two want to “destabilize Ecuadorian democracy.” “Mr. [Rafael] Correa and Mr. [Jaime] Nebot together, these twins from the first day of my government are seeing how they destabilize Ecuadorian democracy,” said President Guillermo Lasso. According to him, former President Rafael Correa and former Mayor of Guayaquil, Jaime Nebot, —two […]

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