Ecuador clears IMF technical review, paving the way for $500 million amid reforms and ongoing economic challenges. On December 9, 2024, the Ecuadorian government under President Daniel Noboa successfully passed the first technical review of its economic goals as part...
Ecuador issues $1 billion bond in a landmark debt-for-nature swap to protect Amazon hydrological basins and biodiversity. Ecuador is advancing its second debt-for-nature swap with the issuance of a $1 billion bond aimed at protecting hydrological basins in the...
Senior citizens can claim VAT refunds through in-person, online, or automatic methods, offering financial relief on essential purchases. Individuals aged 65 and above are eligible to request refunds on the value-added tax (VAT) they pay for basic goods and services....
Ecuador’s economy shows signs of resilience under Noboa, but challenges like recession and insecurity hinder full recovery. The government of Ecuador, under President Daniel Noboa, has highlighted a series of positive economic indicators as signs of recovery. However, experts warn these advancements might not be enough to reverse the nation’s challenging economic situation. Positive Indicators: […]
Cuenca courts face public outrage over early releases of dangerous criminals, prompting investigations and demands for legal reforms. An ongoing investigation into judicial decisions in Cuenca has revealed that 44 prisoners, including individuals convicted of heinous crimes, were granted early release despite failing to meet the necessary legal requirements. The revelations stem from a high-profile […]
Ecuador’s digital wallets, led by Deuna, transform payments, steadily reducing cash reliance with secure, user-friendly technology. Digital wallets are revolutionizing how consumers make transactions, offering a modern alternative to cash. In Ecuador, as in many parts of the world, the adoption of this technology is steadily growing, supported by local and international platforms. A Global […]
Ecuadorians adapt migration strategies as Darién Gap crossings decline, with El Salvador emerging as a costly alternative route. In 2024, migration patterns among Ecuadorians have shifted significantly. The Ecuadorian Foreign Ministry reported a sharp decrease in the number of citizens crossing the dangerous Darién Gap—the jungle border between Colombia and Panama—to reach the United States. […]
Legislative delays disrupt debates on foreign military base reform, sparking political tensions and concerns over election influence. The occasional legislative commission overseeing constitutional reforms related to foreign military bases began drafting a report for the first debate. However, the report’s presentation to the National Assembly plenary session has been postponed until after the first round […]
I managed to avoid it for over four years. Somehow, I dodged it—through trips back and forth to the US twice a year, even when my wife caught it, and through the daily interactions and risks we all faced. I had convinced myself that I was immune, that it wouldn’t touch me. And now, when […]
Ecuador’s non-traditional exports, including pitahaya, blueberries, and avocados, show promise despite challenges in global markets. Ecuador’s export market continues to evolve as non-traditional agricultural products like pitahaya, blueberries, and avocados gain traction internationally. Despite the challenges of entering competitive markets, these products are paving the way for diversification in Ecuador’s export portfolio. Rising Stars in […]
Update to: Nene Case: Investigation Against Verónica Abad’s Son and Advisor Concludes After Four Months Published: Volume 8, Issue 43 A criminal trial is set to begin for Sebastián BA, the son of Vice President Verónica Abad, who is accused of influence peddling. The Prosecutor’s Office has requested dozens of witnesses and police experts to […]
The protective action hearing for Vice President Verónica Abad, challenging her suspension, is delayed for evidence review. The protective action hearing requested by suspended Vice President Verónica Abad was reinstated on December 9, 2024, in the Courtroom of the Northern Judicial Complex in Quito. The hearing aimed to address Abad’s claim against her suspension, which […]