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Ecuador's Original English Language Newspaper

Volume 5, Issue 36
June 13, 2021
Why did El Salvador accept Bitcoin as legal tender?

Why did El Salvador accept Bitcoin as legal tender?

Last Wednesday, El Salvador became the first country in the world to allow the use of Bitcoin as a legal exchange currency. This came after the approval by the Congress of a bill promoted by President Nayib Bukele three days before. The Legislative Assembly of El Salvador, with an official majority, approved the Bitcoin Law, which will allow the […]

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Oversight Commission will investigate 57 cases of suspected corruption in Ecuador

Oversight Commission will investigate 57 cases of suspected corruption in Ecuador

The list includes oil contracts, bribes from Odebrecht, distribution of hospitals, IESS, electricity and mining concessions, among others. Last week the Oversight Commission approved a work plan that involves investigating 57 cases raised by the assembly members that make up that legislative body, who suspect administrative irregularities, signs of corruption and an impact on State […]

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Minister of Finance identifies four sources to cover $8 billion needed this year

Minister of Finance identifies four sources to cover $8 billion needed this year

The government of Guillermo Lasso took over the government with a financing need of $8 billion and arrears in the amount of $2.7 billion. That is why the Minister of Economy and Finance, Simón Cueva, has identified at least four sources of financing in his sights that will allow him to weather this fiscal gap. Most of what is required, […]

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