Three Latin American countries will have presidential elections in 2023. In addition, Chile and Ecuador will have referendums to change the Constitution.
The political stability of Latin America will be put to the test in 2023
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Volume 7, Issue 13
January 1, 2023
The next mayor of Cuenca must deal with traffic chaos and insecurity
After the sectional elections on February 5th, the horizon for whoever is elected mayor of Cuenca is fraught with various challenges to be resolved, such as mobility problems and crime.
Cuenca tram has few spare parts left after two years, with brake systems needing immediate attention
The first batch of spare parts for the main tram systems is running out. The Municipality of Cuenca has been trying to buy a new lot for a year.
Ecuador has a back-up plan if Mexico refuses to sign a free-trade agreement
Foreign Minister Juan Carlos Holguín confirmed that Ecuador opened parallel fronts anticipating problems in closing an agreement with Mexico.
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Minister of Energy says electricity rationing can be avoided even though hydroelectric plants are operating at 41%
The Minister of Energy, Fernando Santos, ruled out electricity rationing. To face the drought, Ecuador will import 72% more electricity from Colombia and Peru.
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In a pre-election year, Pedro Palacios spent more than $44 million
Pedro Palacios seeks re-election as Mayor of Cuenca. In the year prior to the vote, the Municipality signed 483 contracts for $44.4 million.
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Price wars and elections are the new challenges for exporters in 2023
With less global demand, food exporters like Ecuador will have to compete fiercely to win new contracts.
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Minas de Huascachaca wind farm begins to generate energy
Half of the wind turbines at the Minas de Huascachaca (Loja) wind farm are already in operation. Its inauguration is scheduled for the first quarter of 2023.
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