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Ecuador's Original English Language Newspaper

Previous administration left city deep in debt

Previous administration left city deep in debt

The Municipality’s Finance and Budget Committee has notified the new mayor’s administration that the city is currently $17 million in debt to suppliers and contractors. Some of the debts won’t be paid. Mayor Pedro Palacios noted that there are some bills that were...
World Bank loans more to Ecuador

World Bank loans more to Ecuador

The Ecuador Ministry of Finance reported yesterday that the Board of the World Bank approved a credit line for Ecuador of $500 million for a term of 30 years (with a grace period of 9.5 years) at a rate of 3.97%. The Ministry says that the money will go to vulnerable...
Rural areas pushing for more of Municipality funding

Rural areas pushing for more of Municipality funding

On Monday, the prefect of Azuay, Yaku Pérez, and the mayor of Cuenca, Pedro Palacios, met to discuss the issue of rural development within a joint agenda. After the meeting, Palacios said that “agreements are being made with the Prefecture to join a ‘minga’to improve...
Child Labor on the rise in Ecuador

Child Labor on the rise in Ecuador

World Day against Child Labor will be celebrated on June 12. In discussing the plight of child labor, María de los Ángeles Páez, of the Protection component of DYA (Desarollo y Autogestion), an organization focused on child labor since 1997, points out that the...