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Correismo sees February 2023 election as a chance to redeem itself

After two consecutive election defeats, Correismo will seek to recover seats in local governments PAIS Alliance, Social Commitment Force, Democratic Center, Citizen Revolution; those are the political banners that Correismo has used since its birth. The last one will be released in the 2023 sectional elections. After two electoral alliances with negative results, in the […]

People matter more than tourism

Other than my wife, my best friend in the world is my buddy, Jesse. He lives in Thailand (he’s been there for 12 years (except for the one year he came and lived here with me in 2014). I’ve known Jesse over 20 years. He even lived with me for 3 years in Denver way […]

Ecuador’s ‘country risk’ rating damaged by the national strike, and legislative difficulties

It is a volatile indicator closely linked to national and international changes. Ecuador ‘s country risk has been high for two decades. However, the figure has been changing depending on the policies and the national and international situation. Country risk is an indicator of how likely a country is to default on its international financial operations. The further […]

Inmates of the Turi sign a “peace agreement” after 6 prison massacres over the last year-and-a-half

The prisoners of the Turi correctional unit in Cuenca have signed a “peace agreement,” promoted by the National Service for Comprehensive Attention to Persons Deprived of Liberty and Adolescent Offenders (SNAI). According to SNAI, this is an instrument of pacification, to which prisoners adhere voluntarily for their well-being and that of society. Abraham O., peace […]

US says Ecuador is a high-risk country for investment

US State Department says corruption, legal insecurity and legislative blockages are preventing Ecuador from overcoming its reputation as a high-risk investment destination. The United States State Department has issued a statement on the investment climate in Ecuador, concluding that there are three factors that damage the investment reputation of the country. Ecuador’s historically main trading […]

Quito Metro seeks new operator with a tight schedule

Update to: Quito Metro operator guarantees it will launch in December Published: volume 6, Issue 41 The Quito Metro Company expects to sign an operator contract at the end of September 2022, not in August, which puts the operation of the transport system at risk. The deadlines for the operation of the Quito Metro have […]

IESS retirement pensions could disappear in the next 5 and 7 years

Published on August 08, 2022

Facebook Twitter Google+ LinkedIn The economic situation of the Ecuadorian Social Security Institute (IESS) is critical. Kenia Ramírez, deputy general director of the IESS, explained that if an urgent structural reform is not made to the entity, there is a high probability that in between 5 and 6 years, the IESS will not be able to “sustain the pensions […]

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