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Ecuador’s interest rates for savers have sharply declined in late 2024, with further reductions expected in 2025 due to economic factors. Interest rates for savers in Ecuador have been in a downward spiral since mid-2024, after reaching a peak earlier in the year. The record-high rates of 8.5% in June 2024 for term deposits are […]
National Assembly Prepares for Wave of Impeachment Trials in 2025
Ecuador's National Assembly faces a record number of impeachment trials in 2025, targeting government officials for corruption and mismanagement.
Remember the Innocent
As I write this on the penultimate day of 2024, I find myself reflecting on friends who have passed away. Some were much younger than me, others much older, and some were around the age I’ll soon be—63. I don’t usually dwell on this subject, but this morning I started reading the Associated Press’s “In […]
Foreign Brands Enter Ecuador Amid Economic Uncertainty
International brands are expanding into Ecuador, drawn by its growing middle class, despite ongoing economic and security challenges.
Vice President Abad Defies Presidential Order and Demands Respect for Her Role
Vice President Verónica Abad defies President Noboa's order to travel to Turkey, citing health issues and harassment.
Rare Bird Sighted in Quito During Annual Christmas Bird Count
A black-throated flowerpiercer, never before seen in Ecuador, was recorded in Quito during the 2023 Christmas Bird Count.
New Year Celebrations in Cuenca: A Mix of Tradition, Art, and Music
Cuenca's New Year festivities feature traditional puppets, vibrant parades, live music, and stunning visual arts from January 1st-5th.
Flamingo Population in the Galapagos Faces Severe Decline
The Galapagos flamingo population has declined sharply due to climate change and invasive species, though recovery efforts show promise.
Constitutional Court Upholds Last State of Emergency in 2024 Amid Growing Insecurity
Ecuador’s Constitutional Court approves President Noboa’s state of emergency, addressing rising crime while emphasizing rights protection and oversight.
Chinese-Canadian Consortium Proposes $1.5 Billion Advance for Sacha Oil Field Concession
A $1.5 billion proposal for Ecuador's Sacha oil field raises concerns about foreign control and privatization of national resources.
Ecuador Moves Toward Repealing Ban on Foreign Military Bases
Published on December 30, 2024

Facebook Twitter Google+ LinkedIn Ecuador takes steps toward lifting its ban on foreign military bases to enhance international security cooperation amid growing transnational threats. Ecuador is on the brink of making a historic change to its defense and foreign policy. A proposal by President Daniel Noboa to lift the country’s longstanding ban on foreign military […]

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