It’s time to worry

Table of Contents

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In this article
More from this issue

A strong dollar is shaking the economy of Latin America
BanEcuador to forgive or restructure 77,000 loans as a result of national strike
Correismo makes alliances to take control of Legislature and CAL
Ecuador has experienced 70,000 earthquakes in the last 10 years
Lasso vetoes all nine articles of the Assembly’s reform of the Humanitarian Law
Latest INEC report says one in four Ecuadorians lives in poverty
Number of Ecuadorians detained at United States border skyrockets in 2022
Supermaxi and Mi Comisariato parent corporations lead 2021 sales ranking

It’s time to worry
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A strong dollar is shaking the economy of Latin America

by Rebeca Mendoza | July 25, 2022 | Volume 6, Issue 42

The currencies in Argentina, Colombia and Chile reached historical devaluations in July 2022 against the dollar. In Ecuador, exports become more expensive. The US dollar has experienced an unusual revaluation during July 2022, which has caused Latin American currencies to reach record devaluations, as in the case of the peso in Chile, Argentina and Colombia. […]

BanEcuador to forgive or restructure 77,000 loans as a result of national strike

by Rebeca Mendoza | July 25, 2022 | Volume 6, Issue 42

Those seeking to restructure microcredits and small business and educational loans in public, private and cooperative banks will be able to receive months of grace. Customers with loans in arrears in public, private and cooperative banks will have four benefits, after Conaie and the government signed the first agreement in the context of the dialogue […]

Correismo makes alliances to take control of Legislature and CAL

by Rebeca Mendoza | July 25, 2022 | Volume 6, Issue 42

The National Assembly is an increasingly hostile territory for the Executive, which, for now, only has the support of its bench. The decisions that the Plenary took on July 21, 2022, are proof that support for President Guillermo Lasso is minimal, if not non-existent. The appointment of the two vice-presidents of the Assembly and the […]

Ecuador has experienced 70,000 earthquakes in the last 10 years

by Rebeca Mendoza | July 25, 2022 | Volume 6, Issue 42

The Geophysical Institute divides the country into seismic hazard zones, though earthquakes have been felt in almost every province this year. On July 14, 2022, 151 of the 221 cantons of the country felt an earthquake of magnitude 6.1 that was centered in Daule, in the Guayas province. It left one person dead. According to […]

Lasso vetoes all nine articles of the Assembly’s reform of the Humanitarian Law

by Rebeca Mendoza | July 25, 2022 | Volume 6, Issue 42

The National Assembly has 30 days to acquiesce or ratify the veto. President Guillermo Lasso totally vetoed the reformatory project to the Humanitarian Support Law. On July 21, 2022, Lasso published the veto stating that the 9-article bill addresses “extremely relevant” issues but does so “with absolute legislative technical lightness.” The National Assembly has 30 days […]

Latest INEC report says one in four Ecuadorians lives in poverty

by Rebeca Mendoza | July 25, 2022 | Volume 6, Issue 42

Poverty and extreme poverty hit the countryside the hardest, where 42.9% of the population lives with severe economic deprivation. One-quarter of Ecuador’s population, or about 4.5 million people, are submerged in poverty, according to the latest report from the National Institute of Statistics and Censuses (INEC). This means that one in four Ecuadorians lives on […]

Number of Ecuadorians detained at United States border skyrockets in 2022

by Rebeca Mendoza | July 25, 2022 | Volume 6, Issue 42

In the second quarter of 2022, more than 3,000 Ecuadorians per month have been detained at the US border. Coyoteros offer longer and more expensive routes, up to $30,000 per trip. Between January and June 2022, a total of 10,527 Ecuadorians were detained on the US-Mexico border, according to US border patrol statistics. But it […]

Supermaxi and Mi Comisariato parent corporations lead 2021 sales ranking

by Rebeca Mendoza | July 25, 2022 | Volume 6, Issue 42

Food, telecommunications, mining, oil and alcoholic beverage companies appear in the top 10 of companies with the highest sales in the country. Two ‘retail’ or mass consumption companies have positioned themselves as the ones with the highest sales in Ecuador during 2021, a year marked by economic reactivation. The information is part of the 2022 […]

Ecuador's Original English Language Newspaper

In this article

More from this issue

A strong dollar is shaking the economy of Latin America

BanEcuador to forgive or restructure 77,000 loans as a result of national strike

Correismo makes alliances to take control of Legislature and CAL

Ecuador has experienced 70,000 earthquakes in the last 10 years

Lasso vetoes all nine articles of the Assembly’s reform of the Humanitarian Law

Latest INEC report says one in four Ecuadorians lives in poverty

Number of Ecuadorians detained at United States border skyrockets in 2022

Supermaxi and Mi Comisariato parent corporations lead 2021 sales ranking

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