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Ecuador's Original English Language Newspaper

Volume 5, Issue 38
June 27, 2021
New bike path work near Tres Puentes angers many

New bike path work near Tres Puentes angers many

A little over a week ago, work began to build the largest bicycle lane network that Cuenca will have, and comments for and against how the project is conceived and how it has been applied continue to be generated from various sectors. In the first instance, those who...

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Jamil Mahuad writes about the journey towards dollarization that changed the history of Ecuador

Jamil Mahuad writes about the journey towards dollarization that changed the history of Ecuador

It took then-president Jamil Mahuad Witt, and his team, almost five months to assemble a stable three-legged platform, solid enough to give the exchange system and announce the dollarization of the Ecuadorian economy, on January 9, 2000. This is how he relates it in his book How We Dollarize Ecuador. Memories of a historical success in Latin […]

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Updates: 6/27/2021

Updates: 6/27/2021

Update to: Companies and workers propose five ways out of unemployment in EcuadorPublished: Volume 4, issue 45With 6.3%, May had the highest unemployment rate of the year May was the worst month of the year in terms of unemployment in Ecuador. This indicator stood at 6.3%, a higher figure than that registered in January 2021, and […]

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Rate Of New Cases Increases, Deaths Fall, Hospitaliztions Increase, But Icu Occupancies Are Falling And Vaccinations Are Increasing

Rate Of New Cases Increases, Deaths Fall, Hospitaliztions Increase, But Icu Occupancies Are Falling And Vaccinations Are Increasing

Not surprisingly, as we get farther out from the lifting of national restrictions, some of the numbers we follow have been getting worse. This week we saw an increase in the percent of tests returning positive, an increase in the percentage of new cases, and an increase in the number of hospitalized patients. On a […]

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The middle class in Ecuador is reduced and goes to vulnerability and poverty

The middle class in Ecuador is reduced and goes to vulnerability and poverty

A World Bank report estimates that 4.7 million people in Latin America and the Caribbean are no longer in the middle class The impact of the COVID-19 pandemic caused 4.7 million people from the middle class to move into vulnerability or poverty in Latin America and the Caribbean, according to a new World Bank report, “The Gradual […]

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Sometimes you have to listen to the experts

Sometimes you have to listen to the experts

108° in Portland? Really? Hottest day EVER in Portland. Other cities across the US broke heat records last week (while Colorado had snow in the higher elevations). And here in Azuay, we recorded colder temperatures than normal.  What is going on? Oh, wait! It’s that ‘climate change’ thing we used to talk about. You remember, […]

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Ecuador signs an agreement to rejoin the International Center for Settlement of Investment Disputes (ICSID)

Ecuador signs an agreement to rejoin the International Center for Settlement of Investment Disputes (ICSID)

Last week, the Ambassador of Ecuador to the United States, Ivonne Baki, signed an Agreement to enter the International Center for Settlement of Investment Disputes (ICSID). The ICSID is a space for the resolution of investment conflicts at the international level. Upon signature, Ecuador becomes the 164th state to sign the Convention, but it has yet to be […]

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