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Ecuador's Original English Language Newspaper

Volume 8, Issue 14
January 7, 2024

Update: Hydroelectric power conditions show improvement, yet risk of additional blackouts after January 15th persists

Update to: Ecuador’s current energy crisis highlights the need to branch out from its reliance on hydroelectricity Published: Volume 8, Issue 7 The Mazar and Paute Hydroelectric plants, situated in the southern part of the country, have experienced an increase in reserves due to the recent intense rains. Concurrently, the Coca Codo Sinclair plant is […]

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Update: Daniel Noboa shortens the security period granted to former presidents.

Update to: Verónica Abad Faces Security Cutback Amidst Vice Presidential Tensions Published: Volume 8, Issue 13 On December 5, 2024, President Daniel Noboa signed Executive Decree No. 108, reforming the security measures for former presidents and vice presidents of the Republic of Ecuador. Under the new regulations, these former officials will receive state security for […]

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With few options for addressing the fiscal crisis, Ecuador prepares to initiate talks with the IMF

With few options for addressing the fiscal crisis, Ecuador prepares to initiate talks with the IMF

Ecuador is strategically positioning itself for a potential engagement with the IMF as it grapples with a pressing fiscal crisis.

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Ecuador Navigates Fiscal Crisis with Urgent Measures Recommended by Renowned Economist

Ecuador Navigates Fiscal Crisis with Urgent Measures Recommended by Renowned Economist

An unsettling examination of the financial landscape in 2024 prompts one expert to recommend reductions in fuel subsidies, an increase in Value Added Tax (VAT), and a straightforward communication approach with citizens regarding the prevailing financial crisis.

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I want to be optimistic, but…

I want to be optimistic, but…

When I began writing this column eight years ago, I never thought about how long I’d keep at it or what direction it would take. Initially, I focused on positive stories about Ecuador, thinking the country was moving in the right direction. Over time, the tone shifted as I paid more attention to the political […]

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Ecuadorian Central Bank Divests Portion of Gold Reserves, Distributes Profits to the Government

Ecuadorian Central Bank Divests Portion of Gold Reserves, Distributes Profits to the Government

The sale of gold from international reserves left profits of $252.9 million for the Central Bank, $177 million of that amount will go to the Central Government.

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