Ecuador’s oil production faces a significant setback as the closure of the ITT oil field looms, bringing production levels back to those seen in 2003.
A – B = ?
Lately, I’ve been feeling pretty upbeat about Ecuador’s direction. We’re seeing a drop in crime, a significant decrease of over 50% in murders, and even a noteworthy 500-point dip in the country’s risk-rating since Noboa’s tenure began. But I’ve got to admit, the stories I read in this week’s issue have left me somewhat uneasy. […]
Update: Country risk below 1,500 points
The country’s indicator stands at 1,498 points, marking the lowest level during Daniel Noboa’s three-month tenure as the head of government.
2024 Budget Proforma Reveals Noboa’s Challenge: Securing Billions in New Loans
The government’s loan requirement for 2024 stands at $10.992 billion, representing a $3.415 billion increase from the previous year’s planned amount.
Russia-Ecuador Diplomatic Tensions Dissipate as New Opportunities Emerge
Following three weeks of strained diplomatic relations, the discord between Russia and Ecuador has finally subsided, marking the beginning of a new phase in their interactions. The government of Vladimir Putin now seeks to revive dormant projects with Ecuador, putting aside recent disagreements.
Drone Plants 1,500 Trees in 15 Minutes to Combat Deforestation
This new technology can plant seeds 200 times faster than traditional methods.
The Cuenca – Molleturo – El Empalme Road Remains Shut Down Due to Landslide
A vehicle found itself trapped amidst the debris from a landslide, obstructing kilometer 90 of the Cuenca-Molleturo-El Empalme road.
Woman Escapes House Arrest in Cuenca While Under Police Surveillance
Despite the presence of four police officers guarding her, the career criminal managed to evade her home detention.
Former Prison Guard Finds Perilous Path to Freedom
In the shadow of uncertainty and danger, Rodrigo, a former prison guard in Ecuador, reflects on his harrowing journey to the United States. As he recounts his tale, the stark realities of the Ecuadorian migration crisis come into sharp focus, revealing a landscape marred by violence, exploitation, and despair.
Russian Delegation to Inspect Ecuadorian Banana Farms Following Resumption of Exports
Both administrations maintain that the halt in banana imports to Russia was unrelated to Ecuador’s proposed sale of Russian weapons to the USA as ‘scrap metal.’ Nevertheless, the underlying matter of the weapons transfer remained discernible.
Ecuador’s Improved Energy Outlook
Although the necessity for blackouts has ceased, Cenace cautions that the forthcoming dry season could entail diminished rainfall and potentially extend for a longer duration. Such conditions might once more necessitate the implementation of blackouts.
Peaceful Times
Now that carnival is over, we can return to our regular routines! Amongst the cacophony of noise, bustling traffic, and the merry revelers, one aspect stands out to me. Despite tens of thousands of Ecuadorians traversing the country in search of the ultimate party spot, and hundreds of thousands more celebrating in their hometowns, there […]
Ecuador’s National Development Plan Receives Unanimous Approval, Pledges $1.6 Billion Investment
The ambitious development plan’s realization hinges on the National Assembly’s approval of the Annual Investment Plan.Top of Form
Ecuadorians’ Exodus to Mexico Surges by 220% in 2023
The migration landscape in Mexico is witnessing unprecedented shifts as irregular migration, particularly among Ecuadorians, experiences a significant surge.
Update: Ecuador’s 2022 Census Unveils 425,045 Immigrants from 189 Countries”
Among these immigrants, the largest populations hail from Venezuela, Colombia, Spain, and Peru, with Americans comprising a smaller portion at 14,424.
Update: Ecuadorian Child Fatally Wounded in Sonora, Mexico Migrant Assault
Update to: An Astonishing 2,898 Children from Ecuador Held at US-Mexico Border” Published: Volume 8, Issue 5 An Ecuadorian child tragically lost their life in Sonora, Mexico, following a heinous armed attack targeting migrants. Reports from Mexican media detail the harrowing incident wherein an armed gang assaulted two trucks transporting migrants, resulting in 10 individuals […]
Ecuador and Colombia Forge Agreement for Individual Prisoner Repatriation
In a significant diplomatic move, high-level delegations from Ecuador and Colombia convened to address the pressing issue of repatriating convicted prisoners between the two nations.
President Daniel Noboa of Ecuador Bolsters Diplomatic Ties with the United States
In a bid to strengthen international cooperation, President Daniel Noboa of Ecuador embarked on a significant diplomatic mission, cementing ties with the United States during a crucial meeting in Guayaquil. The encounter, shrouded in secrecy, unfolded behind closed doors, leaving much speculation but little concrete detail about the discussions that transpired.
Noboa Initiates Popular Consultation and Referendum: Electoral Process Set to Shape Nation’s Future
President Daniel Noboa has called for a popular consultation and referendum in Ecuador. Noboa notified and directed the National Electoral Council to proceed with the planned process for Ecuadorians to participate in the polls.
Trade Agreement with China Expected to Boost Ecuadorian Exports
Ecuador’s trade prospects are set to soar following the recent ratification of a trade agreement with China, expected to significantly impact traditional export products like shrimp, bananas, cocoa, and flowers. The agreement, validated by the National Assembly on February 7, 2024, presents a substantial growth opportunity for the nation’s export sector.
Luxury Apartment Unearthed in Cuenca’s Turi Prison Raises Eyebrows Amidst Recent Prison Reforms
The revelation underscores the depth of corruption entrenched within the prison system. The military, currently overseeing operations, asserts that the existence of this apartment indicates complicity on the part of prison guards and authorities.
Ecuador Grapples with Extradition Challenges as Citizens Return from the US
Ecuador’s justice system braces for a significant development as citizens Jhony C. and Jhon D., accused of rape and murder respectively, are anticipated to return from the United States to face trial in the coming weeks. However, this development highlights Ecuador’s persistent challenges with extradition, revealing deep-rooted issues within its legal framework.
Simple tastes
It’s been a rather uneventful week for us, with one notable exception – my 62nd birthday last Sunday. We had the pleasure of dining out on Saturday with three of our dearest couples to mark the occasion. Initially, we had our hearts set on our favorite restaurant in Yunguilla, only to discover it was closed […]
President Daniel Noboa’s Political Maneuvering Puts National Assembly in Overdrive
Merely four days into his presidency, Noboa embarked on a legislative blitz, dispatching four urgent economic bills to the assembly within his initial two months in office, with additional proposals slated for imminent submission.
Update: In the first month of the Internal Armed Conflict, 7,275 individuals were detained
The actions of the National Police have notably decreased violent deaths in Ecuador since January 9th.
Update: VAT Increase Boosts Ecuador as Country Risk Drops, International Markets Respond Positively
Ecuador’s country risk dropped by 290 points in just one week, a development that the government has highlighted. The decrease in country risk coincided with the ongoing legislative process in the Assembly regarding a bill aimed at increasing the Value Added Tax (VAT).
Amidst ‘Armed Internal Conflict’ Murders Have Decrease Nationally, Yet Citizen Concerns Persist Over Resurgence of Crime
Ecuadorians applaud President Daniel Noboa’s crime reduction efforts yet remain apprehensive amidst lingering fear that this is only a temporary peace.
Dramatic Reduction in Violence: Zone 8 Police Chief Highlights Success of Joint Operations
In a recent interview, Zone 8 Police Commander General Víctor Herrera, revealed significant strides in combating violent crime in the region.
Sharp Decline in Violent Deaths Marks Ecuador’s Struggle Against Internal Armed Conflict
In a surprising turn of events, Ecuador has experienced a significant decrease in violent deaths, with a notable 41% drop following the declaration of an internal armed conflict. Between January 10 and 24, 2024, official figures reveal an average of 9.2 murders daily,...
Noboa Government Explores Merger of 19 Public Entities to Trim Bureaucratic Spending
Critics believe more could be closed with even more savings achieved.