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Future floods could affect 21% of Ecuador’s population

Future floods could affect 21% of Ecuador’s population

The devastating floods in Pakistan have revived the debate on how climate change exacerbates weather events. And Ecuador is not exempt from tragedies, warns a new study. The monsoon rainy season this year in Pakistan caused more than more than 1,400 deaths and left 30% of the country under water. Although the monsoon season is […]

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Government and social movements disagree on reparations for protest deaths

Government and social movements disagree on reparations for protest deaths

The Government Minister, Francisco Jiménez, clarified that “there is no agreement” to implement this proposal.  The dialogue table on security and justice will close without the expected agreements on the part of the three indigenous movements, which demand economic compensation from the State, and that the government not criminalize indigenous leaders for their participation in […]

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Household consumption sustains economic recovery

Household consumption sustains economic recovery

The Central Bank lowered the growth forecast for Ecuador’s economy to 2.7% in 2022, as a result of the June protests. The Gross Domestic Product (GDP) of Ecuador registered a recovery of 1.7% in the second quarter of 2022, compared to the same period of 2021, according to the Central Bank. This shows that the […]

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Mexico and Ecuador continue to negotiate a critical free trade

Mexico and Ecuador continue to negotiate a critical free trade

The relationship with Mexico is key in security and migration. The signing of a trade agreement with that country would facilitate Ecuador’s entry into the Pacific Alliance. The most recent chapter in the bilateral relationship with Mexico is of a commercial nature. But the relationship with that country is also relevant for Ecuador in migratory […]

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The country risk grew due to fears of further drops in the price of oil

The country risk grew due to fears of further drops in the price of oil

Ecuador’s country risk indicator was 1,708 points on September 28, 2022. It is the third highest in South America, only behind Venezuela and Argentina. Ecuador ‘s country risk stood at 1,708 points on September 28, 2022, a higher score than that recorded during the national strike called by the Confederation of Indigenous Nationalities (Conaie) in […]

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The IDB begins the process to elect a new president

Update to: IDB elects US hard-liner Mauricio Claver-Caroneas its next president Published: Volume 4, Issue 50 The IDB announced the start of the selection process for a new president, two days after the dismissal of Mauricio Claver-Carone. The Inter-American Development Bank (IDB) announced the start of the process to appoint a new president, on September […]

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You’re no better than anyone else

You’re no better than anyone else

I’m in the US for some medical appointments and I am staying with a friend in Denver. We were having a conversation about one of his neighbors and how she was treating people working on a new addition she is adding to her house. This woman inherited $3.2 million dollars when her mother died and […]

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US Secretary of State Blinken begins tour ‘left-leaning’ Latin American countries

US Secretary of State Blinken begins tour ‘left-leaning’ Latin American countries

The Secretary of State of the United States, Antony Blinken, will meet with the Colombian president, Gustavo Petro, in Bogotá, with the Chilean, Gabriel Boric, in Santiago, and with the Peruvian, Pedro Castillo, in Lima. The Secretary of State of the United States, Antony Blinken, begins a Latin American tour on October 3rd to bring […]

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Barclays says that Ecuador will not need to issue bonds in 2024

Barclays says that Ecuador will not need to issue bonds in 2024

The reduction of the public accounts deficit has helped the Government to lower its borrowing needs, says the investment bank. The increase in the price of oil, higher tax collection and the slow execution of spending in the Budget during 2022 will allow Ecuador to stay away from issuing foreign debt bonds until 2024. According […]

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Bernal femicide is still a web of confusion while husband Germán Cáceres remains on the run

Bernal femicide is still a web of confusion while husband Germán Cáceres remains on the run

At least 12 uniformed men, a sister of Germán Cáceres and another cadet are in the sights of the Prosecutor’s Office. After the discovery of the body of the lawyer María Belén Bernal, last Wednesday afternoon, the investigations continue. Now, the Prosecutor’s Office is working to clarify the circumstances of the crime and to identify […]

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American is voted out as head of Inter-American Development Bank

Update to: IDB elects US hard-liner Mauricio Claver-Caroneas its next president Published: Volume 4, Issue 50 Mauricio Claver-Carone’s term as IDB president was set to expire in 2025. Claver-Carone was the first American to hold the top job at the organization. The Inter-American Development Bank, the hemisphere’s premier international lending institution, voted on Monday to […]

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Ecuador expresses interest in opening an embassy in Portugal

Ecuador expresses interest in opening an embassy in Portugal

According to Fedexpor, that country is the ninth ranked market for Ecuador’s non-oil exports within the European Union. Non-oil trade between Ecuador and Portugal was favorable for the country in the first six months of this year by $54 million. Between January and July of this year $68 million was collected from exports and $16 […]

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We are not in charge

We are not in charge

I’m riding out Hurricane Ian with my mother in Florida. Or at least we are getting ready for it. It’s Tuesday and it’s supposed to hit tomorrow. We seem to have lucked out, as it is going to hit on the West coast, and we are on the East coast. Nonetheless, we are being told […]

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Sinking of a boat in Galapagos leaves at least four dead

Sinking of a boat in Galapagos leaves at least four dead

Four people died and two others are missing from the accident.  A boat sank off the Galapagos Islands on the afternoon of September 25, 2022. Four people have been confirmed dead; 2 people are missing. In addition, 31 people were rescued. The four who died were two Ecuadorians, a Colombian and an American-Israeli. The sinking of the cabotage vessel —for […]

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The Constitutional rights of indigenous peoples and nationalities in Ecuador are often ignored

The Constitutional rights of indigenous peoples and nationalities in Ecuador are often ignored

The rights of indigenous peoples and nationalities are protected by the Constitution and other international treaties. In Ecuador, there are 14 nationalities and 18 indigenous peoples who live in three regions: Coast, Sierra and Amazon. It is estimated that there is a total of 1.1 million indigenous people in the country. Most are in the Sierra, where 68% live. They […]

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Ecuador will seek a new agreement with the IMF in 2023

Update to: As Ecuador’s IMF agreement ends, it faces several hurdles to finding more credit Published: Volume 6, Issue 49 According to Bloomberg, President Guillermo Lasso told investors in New York that he will seek a new deal with the IMF. The Ecuadorian government wants to sign a new economic agreement with the International Monetary […]

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It does not say you can block the roads

It does not say you can block the roads

Let me ask you a question: if you keeping doing the same thing, and I reward you, then why should I expect you to stop doing it? I ask you this because another group is now calling for a national strike for Wednesday. These are completely different people than those who called for the strike […]

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The fall in the Euro presents pluses and minuses for Ecuadorians

The fall in the Euro presents pluses and minuses for Ecuadorians

The prices of products imported from the European Union will fall, but remittances sent by migrants will also decrease. The euro fell on September 5th to its lowest value for almost 20 years against the dollar, closing at $0.99. On September 17th, it had only recovered to $1.00, which is a 14.7% fall over the […]

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Government seeks to lift 77-year ban on extradition of Ecuadorians

Government seeks to lift 77-year ban on extradition of Ecuadorians

Ecuador is part of international extradition agreements, but since 1945, the Constitution prevents the extradition of Ecuadorians, regardless of the crimes they commit. The extradition of Ecuadorians is prohibited no matter what or how many crimes they commit. President Guillermo Lasso wants to withdraw that constitutional lock and allow it for those who commit crimes […]

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In the last four years, more almost 1,900 police officers have been arrested for committing serious crimes

In the last four years, more almost 1,900 police officers have been arrested for committing serious crimes

Some commit crimes ranging from arms sales to murder. Almost two-thirds of those arrested return to active duty. The police forces in Ecuador are not immune from accusations of serious crimes. From 2018 to the first half of 2022, 1,898 Ecuadorian police officers were arrested for allegedly having committed contraventions or crimes defined in the Comprehensive Penal […]

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Lasso says Prosecutor’s Office needs to break from Judicial Council in order to fight corruption and pursue criminals

Lasso says Prosecutor’s Office needs to break from Judicial Council in order to fight corruption and pursue criminals

President Guillermo Lasso’s referendum proposal proposes that the Prosecutor’s Office no longer depend on the Judicial Council to select, evaluate and sanction its officials. The problems of the Ecuadorian justice system are evident. And the disagreements between the Prosecutor’s Office and the Judicial Council (CJ) have several chapters. For this reason, President Guillermo Lasso proposes […]

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Question 5 of the popular consultation is seeking to require political parties to have actual supporters, of at least 1.5% of the voting pubic

Question 5 of the popular consultation is seeking to require political parties to have actual supporters, of at least 1.5% of the voting pubic

The fifth question, which seeks to regulate the existence of political movements in Ecuador, highlights the little control over these organizations.  The text of question 5 of the referendum raised by the government of Guillermo Lasso is clear: “Do you agree with requiring political movements to have a minimum number of affiliates equivalent to 1.5% of the electoral registry […]

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Colombia is now the fourth largest market for Ecuadorian products, displacing Russia

Update to: Exports to Russia increase over 2020, but lack of trade deal with Eurasian Economic Union could cause problems starting in mid-October Published: Volume 5, Issue 46 China has doubled its purchases from Ecuador of non-mining non-oil products by July 2022. Shrimp continues to grow, and banana sales are suffering. The reduction of Ecuadorian […]

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‘The Economist’ lowers the economic forecast for Ecuador

‘The Economist’ lowers the economic forecast for Ecuador

The Economist believes that the struggle between the Legislative and the Executive will delay urgent reforms to boost economic activity. The Intelligence Unit of the British firm The Economist Group forecasted that Ecuador’s economy will grow 2.4% in 2022 and no longer 3.5%, as projected in February. The Economist lowered the estimate due to hostility […]

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