The currencies in Argentina, Colombia and Chile reached historical devaluations in July 2022 against the dollar. In Ecuador, exports become more expensive. The US dollar has experienced an unusual revaluation during July 2022, which has caused Latin American...
The National Assembly has 30 days to acquiesce or ratify the veto. President Guillermo Lasso totally vetoed the reformatory project to the Humanitarian Support Law. On July 21, 2022, Lasso published the veto stating that the 9-article bill addresses “extremely...
Those seeking to restructure microcredits and small business and educational loans in public, private and cooperative banks will be able to receive months of grace. Customers with loans in arrears in public, private and cooperative banks will have four benefits, after Conaie and the government signed the first agreement in the context of the dialogue […]
The National Assembly is an increasingly hostile territory for the Executive, which, for now, only has the support of its bench. The decisions that the Plenary took on July 21, 2022, are proof that support for President Guillermo Lasso is minimal, if not non-existent. The appointment of the two vice-presidents of the Assembly and the […]
The Geophysical Institute divides the country into seismic hazard zones, though earthquakes have been felt in almost every province this year. On July 14, 2022, 151 of the 221 cantons of the country felt an earthquake of magnitude 6.1 that was centered in Daule, in the Guayas province. It left one person dead. According to […]
I’m worried about Ecuador. I don’t know if I’ve ever said that here in this column. I’ve always been pro-Ecuador and pointed out all the reasons to live and/or invest here. But now, due to the movements I’m seeing in the Assembly, I’m worried about its immediate future. If you’re not up on the most […]
Poverty and extreme poverty hit the countryside the hardest, where 42.9% of the population lives with severe economic deprivation. One-quarter of Ecuador’s population, or about 4.5 million people, are submerged in poverty, according to the latest report from the National Institute of Statistics and Censuses (INEC). This means that one in four Ecuadorians lives on […]
In the second quarter of 2022, more than 3,000 Ecuadorians per month have been detained at the US border. Coyoteros offer longer and more expensive routes, up to $30,000 per trip. Between January and June 2022, a total of 10,527 Ecuadorians were detained on the US-Mexico border, according to US border patrol statistics. But it […]
Food, telecommunications, mining, oil and alcoholic beverage companies appear in the top 10 of companies with the highest sales in the country. Two ‘retail’ or mass consumption companies have positioned themselves as the ones with the highest sales in Ecuador during 2021, a year marked by economic reactivation. The information is part of the 2022 […]