Update to: Fuel subsidies will reach $4 billion in 2022 Published: Volume 7, Issue 1 According to the Minister of Transportation, Darío Herrera, only 20% of registered users have three or more than three vehicles. The tuna boat union rejects a possible withdrawal of the diesel subsidy. The national government subsidized fuels for $2.194 billion […]
The Constitutional Court partially accepted the partial objection for unconstitutionality sent by President Guillermo Lasso, against the reforms to the Communication Law. The body unanimously accepted 12 of the 18 objections that the Executive had presented. These reforms, which were approved by the National Assembly on July 22, 2022, were included in a minority report — supported mainly by the […]
Guayas, Pichincha and Azuay present the biggest problems, even though the ANT says that people should not wait more than a week to renew the license. The renewal of a driver’s license can be added to the list of procedures that are difficult to carry out in Ecuador. The wait for a turn to obtain […]
With these levels it becomes difficult to generate employment and economic growth. The Ecuadorian middle class is minimal and fragile. The most prosperous economies in the world, with higher levels of employment and investment, are those that have the majority of...
According to the World Bank, Ecuador has the best budget results in the region, but the cut in investment will affect GDP growth.
Bufeo or Inia geoffrensis and Tucuxi are the two species of river dolphins severely threatened in the Ecuadorian Amazon.
I think all expatriates have a small idea in the back of their minds that they will someday ‘return home.’ I know I held that belief for a long time. But for me it’s a little more complex because my wife is from Europe, not the US. So where would we go if we ever […]
Update to: Mexico and Ecuador continue to negotiate a critical free trade Published: Volume 6, Issue 52 The Secretary of Economy of Mexico, Tatiana Clouthier, surprisingly resigned from her position, on October 6, 2022. Raquel Buenrostro, who was director of the Tax Administration Service (SAT), will replace her. Clouthier’s departure occurs just when negotiations are […]
Ipsos surveyed over 700 Ecuadorians to learn how they perceive the country’s economic situation. Only 8% of those surveyed believe it is positive.
This occurred after the resolution issued on an alleged breach of the National Development and Government Plan.
Six days after the dialogue tables between the Government and the indigenous movements are closed, there are no agreements for the targeting of fuel subsidies.
Update to: Conaie and the government disagree on results of dialogue, Fenocin threatens another national strike Published: Volume 6, Issue 48 On Wednesday, October 5th, the Government gave details on the progress of the dialogue tables with the indigenous organizations. The press conference was attended by the Minister of the Government, Francisco Jiménez; the Minister of Education, María Brown; and […]
About 15.4% of Ecuadorians suffer from hunger, which is equivalent to 2.7 million people, according to a report prepared by the FAO.
In total, 31 officials from the Prosecutor’s Office have applied to enter the Victims and Witnesses Protection System in 2022. Some prosecutors have been in the program for two years.
President Guillermo Lasso met with women’s organizations to discuss “the other pandemic, which is violence against women in all its expressions and in all its areas.”
Update to: Ecuador registers relatively high food cost inflation Published: Volume 6, Issue 46 The Consumer Price Index (CPI) increased 4.12% in September 2022, compared to the same month in 2021. This is maintained by the National Institute of Statistics and Censuses (INEC). In monthly terms, the CPI rose 0.36% in September, compared to August […]
The Internal Revenue Service (SRI) will cross check information on departures from the country, use of credit cards, electricity consumption and assets, to prevent evasion. Tax collection will close at just over $15.0 billion in 2022, says the director of the SRI,...
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The government's proposal seeks to attract 8,000 to 10,000 foreigners a year. But the lack of security and deficiencies in access to basic services are barriers to attracting these kinds of ‘tourists.’ Ecuador is looking for foreign people from any country in the...
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 […]
Citizens begin to change routines, to reinforce the security of their homes and businesses. Security has been the constant demand of Cuencanans for months. This city—considered quiet—is beginning to get used to reports of crimes and assaults with a great deployment of...
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 […]
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 […]
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 […]