Banks and cooperatives offer higher interest rates to depositors to encourage savings, which had slowed down. The interest rates paid by financial institutions to savers are rising, and in December 2022 they reached a record rate that had not been seen since November...
Update to: Ecuador will seek a new agreement with the IMF in 2023 Published: Volume 6, Issue 51 The Government expects the International Monetary Fund (IMF) to approve the last disbursement of $700 million under the current credit program. The Executive Board of the International Monetary Fund (IMF) will meet on December 14, 2022, to […]
Okay, let me start by saying that I like the President. I’ve been a Lasso supporter since the early days of his campaign. I think he has the right motives to lead this country. And even though the US has had a bad enough example to make my next few sentences seem ridiculous, I’m going […]
There are 10 national holidays and one local one that depends on where each person resides. In 2023, Ecuador will have 10 national holidays, independent of the local holidays of each city or canton. The Ecuadorian Ministry of Tourism published this coming year’s holidays on its website (and forecasted them for 2024 and 2025). Most of the holidays are for […]
In real terms, the average salary that Ecuadorians received in 2022 is almost 2% less than in 2019, before the pandemic began. Despite the economic recovery and the increase in the basic salary in Ecuador, the population still receives an average remuneration lower than that of levels prior to the Covid-19 pandemic. The World Wage […]
Update to: Quito Metro operator guarantees it will launch in December Published: Volume 6, Issue 41 The municipality announced on Monday December 12th that the operation of the Quito Metro will be divided into two phases. The first will start on December 21st. The commercial operation of the Quito Metro will begin on March 5, […]
There are patients with rare and catastrophic diseases in the IESS hospital in Cuenca who have not been able to access medication due to the lack of specialists who prescribe them. Ana Idrovo waited six months, from June of this year, for the José Carrasco Arteaga...
According to the Ministry of Finance, tax collection totaled $14.015 billion between January and November 2022. This was the highest number since 2015. One month before the end of 2022, tax collection reached record figures not seen since 2015. Tax revenue from the State Budget totals $14.0153 billion between January and November 2022, according to […]
After the increase in respiratory diseases due to covid and influenza infections, the COE gave new guidelines. Following the increase in cases of Covid-19 and influenza in November, and the fact that several health centers need to increase the number of beds to care for people with acute respiratory infections, Juan Zapata, president of the National […]
Update to: World Bank lowers growth forecast for Ecuador as a result of the June strike Published: Volume 7, Issue 1 The credit approved by the World Bank for Ecuador is repayable in 18 years and has a four-year grace period. The World Bank approved a $500 million loan for the Government of Ecuador, the […]
The effort by the Ministry of Health to get Ecuadorians vaccinated comes amid a spike in Covid-19 and influenza infections. In addition, the application of booster shots has stalled. Even though vaccines are effective tools to combat diseases, there are still 2.6 million people in Ecuador who have not received a single dose against Covid-19. […]
President sends partial reform of the Constitution to Assembly asking for Armed Forces to help Police
President Lasso sent the Assembly a proposal for the Armed Forces to support the Police in combating organized crime, a strategy that has been criticized by experts. President Guillermo Lasso presented the project for the partial reform of the Constitution to the...
The drought, accompanied by high temperatures during the day and frost at night, has caused serious damage in the province. So far this year, forest fires have consumed 1,416 hectares of forests in Azuay. This figure is more than double that recorded in 2021, when 664 hectares were charred, according to the Adverse Event Monitoring Unit of the National Risk and Emergency Management Service (Sngre). Cuenca has seen the most damage […]
Update to: SRI gets overseas banking information on 70,000 Ecuadorians held accounts Published: Volume 7, Issue 8 The SRI will verify that the declared Income Tax is consistent with the growth in sales of the taxpayer’s sector. The Internal Revenue Service (SRI) will apply a new mechanism to control the Income Tax declaration. The entity’s […]