On Saturday several people were nearly killed on a section of the road. The Cuenca - Molleturo - El Empalme road was closed for an indefinite period by a resolution of the Ministry of Transport and Public Works. The last incident on this route occurred on Saturday...
Economic Development Commission approves report for the government’s tax reform bill
The Assembly has until November 28 to process the bill. The Economic Development Commission approved the report for the first debate on the government’s tax reform bill. The full name of the proposal is ‘Organic Law for Economic Development and Fiscal Sustainability after the Covid-19 Pandemic,’ and it makes several changes to the current tax legislation. In the […]
Ferrocarriles liquidation almost complete, government revieing eight proposals to manage new rail company
Among the eight proposals, two are Ecuadorian and the rest are from abroad. According to the Ministry of Transportation, the rehabilitation of the railway would cost $2.5 billion. The authorities of the transportation and tourism ministries insist that the intention “is not to privatize” the operation of the public company Ferrocarriles del Ecuador. According to […]
Saturday’s battle among Ecuador prison gangs killed 68 inmates, injured 25 more
A prolonged gun battle between rival gangs inside Ecuador’s largest prison killed at least 68 inmates and wounded 25 on Saturday, and authorities said it took most of the day to regain control at the Litoral Penitentiary, which recently saw the country’s worst prison bloodbath. The last massacre occurred on September 28th, when 119 inmates died. More […]
SUCRE was a door to money laundering between Ecuador and Venezuela
At least five cases of money laundering were leveraged in the Sucre system. They all had the same modus operandi. After the extradition of Álex Saab, considered a front man of President Nicolás Maduro, of Venezuela, from Cape Verde to the United States, in Ecuador the investigative, judicial and even administrative processes regarding the money laundering network through the […]
Third ‘Pandora Papers’ report asserts Lasso’s innocence, dismisses Constitutional Guarantees Commission report
The president of the Audit Commission, Fernando Villavicencio, says in his investigation that President Lasso no longer has a relationship with tax havens. In addition, he recommends dismissing the report of the Constitutional Guarantees Commission, due to lack of evidence. The Assembly has in its hands a new investigative report on the ‘Pandora Papers.’ The […]
Something must be done
Another prison massacre. It’s difficult to believe how out of control Ecuador’s prisons have become. This has not been an overnight thing. The neglect of the situation has gone on for a long time. And now it seems like all the years of failing to do something about the problem are finally biting us in […]
What you need to know about the new Galapagos Marine Reserve
60 thousand km2 is added to the existing marine reserve. The Galapagos archipelago is made up of a series of islands that were generated after the eruption of several volcanoes thousands of years ago. On its surface they house millions of species that exist only in this part of the world, just as it happens at […]
52% of femicides are still under investigation since 2014
Update to: Femicides continue to be underreported in Ecuador Published: Volume 5, Issue 42 Since August 10, 2014, when the Comprehensive Penal Code came into force, thru November 7, 2021, 495 cases of femicide have been registered in Ecuador. This is detailed by figures raised by the Council of the Judiciary. According to data from that entity, of these […]
IMF assesses impact of the most recent political decisions in Ecuador
Update to: The latest IMF report on Ecuador is optimistic Published: Volume 6, Issue 1 A technical team from the agency was sent to Ecuador to verify the fiscal impact of the decision to abandon the price band for diesel and gasoline. A team from the International...