Over 2,000 farms have lost their entire season of crops due to the deluge of rain. Heavy rains and flooding in Ecuador have damaged the crops of more than 4,300 farmers, resulting in the loss of over 8,000 hectares of agricultural land, according to the Ministry of...
Cream or sugar?
I’ve got to get something off my chest that I’m dealing with right now, and I know I’m going to sound like a whiner, or a jerk, or maybe even an ass, but here goes. Family aren’t the only ones who get to grieve. Now let me explain that. As I’ve written about before, my […]
Addressing the road situation in Azuay province: Minister of Transportation Darío Herrera shares government’s plans
The Minister of Transportation and Public Works, Darío Herrera, gave an interview this week and spoke about the situation and progress in the rehabilitation of the roads in the Azuay province, as well as future projects and investment for the development of the province. Amidst the current road repairs, which were necessitated by structural damage or landslides and have resulted […]
Insufficient Resources to Mitigate the Devastating Effects of Heavy Rains in Azuay
Azuay has experienced 250 to 300 landslides this year, with 35 of them being critical points. An urgent intervention costing at least $2.5 million is required in Santa Isabel alone. Azuay province has been hit hard by the rains in March and April of 2023. The region...
Ecuador’s 2022 foreign investment grew by 22% but fell well short of 2020 levels
Foreign direct investment in Ecuador increased by 22% in 2022, amounting to $788 million, but it still fell short of the level reached in 2020, which was $1.095 billion. The slow growth of foreign investment during the Government of Guillermo Lasso has been attributed to political uncertainty and lack of legal certainty. The social uprisings […]
If you’re renting your place out thru Airbnb, SRI is coming for you.
Airbnb hosts in Ecuador and other similar platforms are now required to pay VAT and Income Tax for 2021 and 2022. The Internal Revenue Service (SRI) has identified around 1,500 people who received income from renting properties on short-term rental platforms but have...
Lasso’s defense during impeachment will include previously unpublished reports
Guillermo Lasso, the President of Ecuador, is facing accusations of embezzlement for a contract signed between the public company Flota Petrolera Ecuatoriana (Flopec) and the international freight liner consortium, Amazonas Tanker. The legislators who have brought the impeachment charge against Lasso allege that his government failed to terminate the contract with Amazonas Tanker despite it […]
The impeachment process drags on as Correístas play games
As the start the third week of the impeachment process initiated by the National Assembly begins, discussions about disregarding the Constitutional Court's decision cast doubt on the entire process. After the Constitutional Court deemed the impeachment process against...