The Ecuadorian government is grappling with mounting financial challenges as it closes July 2023 with a staggering $1.5 billion in arrears, a burden that the incoming administration will have to face.
Incoming Government Will Face Unpaid Bills of $1.5 Billion
Published on August 07, 2023
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More from this issue
The grand vision and ambitious plans that President Guillermo Lasso had encountered two formidable obstacles in Ecuador's political landscape: the National Assembly and the Constitutional Court. Throughout his tenure, the Executive's management faced a series of setbacks, raising doubts about the government's ability to implement its agenda effectively.
What Happens to Debts When a Person Dies or Divorces in Ecuador?
Debt responsibilities must be considered when assuming assets under Ecuadorian inheritance laws, or when declaring marriage in the country.
Then what the *&%! is economic urgency?
Wow, the Constitutional Court has done it again – shutting down President Lasso’s decree to change the environmental consultations requirement for oil drilling. That’s three out of four rejections they’ve handed him, all while claiming, “No way Bill, this has nothing to do with economic urgency.” Really? Are they missing the obvious here? Let’s face […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Glas requests sentence reduction, if approved could be granted parole
Former Vice President Jorge Glas, who is currently on provisional release, has taken a bold step to seek a further reduction in his sentences for corruption charges. The appeal was officially filed on July 5, 2023, where Glas invoked Article 230 of the Organic Code of the Judiciary (COFJ) to request a sentence reduction. Article […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Lasso promises $2.6 million payment toward tram debt
Update to: Cuenca Tram Faces Financial Strain in 2023, Seeks Additional Funding to Cover Expenses Published: Volume 7, Issue 26 Last Wednesday, August 2nd, President Guillermo Lasso visited Cuenca and made a significant promise to the citizens. He pledged to allocate $2.6 million to settle a portion of the tramway debt. During his meeting with […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
More than 5,000 road kills of wild animals have been registered in the last 15 years in Ecuador
By Antonio José Paz Cardona on August 3, 2023 A new investigation, which compiles data provided by citizen science and the results of scientific studies, reveals that birds (1,428 cases), reptiles (1,356), mammals (1,326) and amphibians (895) were the most affected by road kills on Ecuadorian roads. Scientists say more attention needs to be paid […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
US Embassy in Ecuador Reiterates the Border Is Not Open, Warns of Deportation and Sanctions for Illegal Crossing
Update to: Ecuadorians can apply for four kinds of legal migration to the US Published: Volume 7, Issue 39 The United States embassy in Ecuador recently delivered a message on behalf of the Biden administration, reminding migrants about the consequences of attempting to cross the border illegally. “The US border is not open. Don’t risk […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Investors growing leery of ‘ungovernable’ Ecuador
Among investors, the idea that Ecuador is ungovernable is gaining strength as the country's risk perception continues to grow due to increasing political uncertainty and recent defeats suffered by President Guillermo Lasso in the Constitutional Court.
Migration’s Impact on Agricultural Production in Ecuador: A Looming Crisis
With young laborers flocking to the cities or the US, elderly are left to farm and carry the debts. To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Two Ecuadorian Migrants Lose Their Lives During Journey to the United States
Update to: In two months, 10 Ecuadorians went missing trying to illegally cross into the United States Published: Volume 5, Issue 34 The pursuit of a better life in the United States has taken a devastating toll on Ecuadorian migrants, as two young men from Gualaquiza lost their lives in their attempt to make the […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
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