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Ecuador's Original English Language Newspaper

Volume 5, Issue 52
October 3, 2021
US loans $150 million to Ecuadorian women-owned businesses, part of plan to compete with China in Latin America

US loans $150 million to Ecuadorian women-owned businesses, part of plan to compete with China in Latin America

The Biden administration this week announced a $150 million loan from the U.S. International Development Finance Corporation (DFC) to support women-owned businesses in Ecuador, a step the White House sees as a model for the kind of projects the United States plans to support as it kicks off a new initiative to compete with China’s Belt and […]

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The Pandora Papers expose finances of Guillermo Lasso, the banker who became President

The Pandora Papers expose finances of Guillermo Lasso, the banker who became President

The President of Ecuador is one of the three active Latin American heads of state that appear in the investigation called ‘Pandora Papers.’ Ecuador is once again in the news at the international level, and not only because of the prison crisis it faces. This October 3, 2021, President Guillermo Lasso was named as one of the three active Latin American […]

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Update to: Ecuador and OPEC will reduce oil production

Update to: Ecuador and OPEC will reduce oil productionPublished: Volume 3, Issue 21OPEC and allies decide they will increase crude production just a little This Monday the members of the Organization of Petroleum Exporting Countries (OPEC) and their allies decided that they will continue with their strategy of moderate production increases for the month of […]

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The devil made me do it

The devil made me do it

I’m sure that like me, sometimes you get on the internet and look for something, and that leads you to look at something else, and so on, and so on, and so on. You go down a rabbit hole, and sometimes you find simply amazing things. That happened to me today. And since I still […]

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Update to: Attorney who won judgment against Chevron may get his day in court

Update to: Attorney who won judgment against Chevron may get his day in court

Update to: Attorney who won judgment against Chevron may get his day in courtPublished: Volume 3, Issue 20US Lawyer Sentenced for Contempt in Ecuador Chevron Case Steve Donziger’s sentence is the latest step in a long legal saga that goes back to his representation of Ecuadorean villagers trying to hold Chevron liable for water and […]

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Debt with China falls as obligations to the IMF and other multilaterals increases

Debt with China falls as obligations to the IMF and other multilaterals increases

Ecuador’s debt with the IMF amounted to $6,174 billion thru July 2021, 19.44% more than the obligations with China, according to the Ministry of Finance. Meanwhile, the public debt with China fell by 37.1% between July 2016 and July 2021: it went from $5.431 billion to $5.169 billion. This is good news because the conditions […]

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Law for the Creation of Opportunities raises three types of alternative contracts and reduced hours

Law for the Creation of Opportunities raises three types of alternative contracts and reduced hours

The proposed law also includes changes in maternity and paternity leave, flexibility in working hours and modifications to rest hours. The creation of employment is, according to the Government, the objective pursued by the draft Creation of Opportunities Law, delivered by President Guillermo Lasso to the Assembly on Friday, September 24. According to official data, […]

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