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,...
Future floods could affect 21% of Ecuador’s population
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 […]
Government and social movements disagree on reparations for protest deaths
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 […]
Household consumption sustains economic recovery
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 […]
Mexico and Ecuador continue to negotiate a critical free trade
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 […]
The country risk grew due to fears of further drops in the price of oil
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 […]
The IDB begins the process to elect a new president
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 […]
You’re no better than anyone else
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 […]
To help increase tourism Ecuador launches its ‘digital nomad’ visa program
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...
US Secretary of State Blinken begins tour ‘left-leaning’ Latin American countries
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 […]