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A strong dollar is shaking the economy of Latin America

A strong dollar is shaking the economy of Latin America

by | July 25, 2022 |

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. […]
It’s time to worry

It’s time to worry

by | July 25, 2022 |

I’m worried about Ecuador. I don’t know if I’ve ever said that here in this column. I’ve always been pro-Ecuador and pointed out all the reasons to live and/or invest here. But now, due to the movements I’m seeing in the Assembly, I’m worried about its immediate future. If you’re not up on the most […]
Lasso vetoes all nine articles of the Assembly’s reform of the Humanitarian Law

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

by | July 25, 2022 |

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

Latest INEC report says one in four Ecuadorians lives in poverty

by | July 25, 2022 |

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 […]

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

Published on July 25, 2022

Facebook Twitter Google+ LinkedIn 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 […]

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