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“Yes” vote on Yasuní popular consultation would lead to cuts in social programs and an increase in VAT

“Yes” vote on Yasuní popular consultation would lead to cuts in social programs and an increase in VAT

by | July 10, 2023 |

The potential cessation of crude oil production in Yasuní-ITT has raised concerns about the impact on government income and the measures that would be needed to offset the loss. Currently, the oil exploitation in Yasuní generates approximately $1.2 billion annually for the state. As the government prepares for a popular consultation on August 20, 2023, […]
Let’s be rational

Let’s be rational

by | July 10, 2023 |

If you read all of this week’s articles like I did, you’ll probably see the connections between almost all of them (with the exception of the Hidden Gems). There are two stories on the Yasuní popular consultation, one that explains how long it took to get to it and the other how bad it will […]

Government working on decree to reduce tax evasion

by | July 10, 2023 |

Update to: SRI gets overseas banking information on 70,000 Ecuadorians held accounts Published: Volume 7, Issue 8 Last Tuesday, the Minister of Finance, Pablo Arosemena, announced that the Executive is currently developing a new economic emergency law decree aimed at implementing tax changes. Arosemena clarified that the decree does not involve tax hikes but rather […]
As expenses rise, State revenues decline by 9.4% in first half of 2023

As expenses rise, State revenues decline by 9.4% in first half of 2023

by | July 10, 2023 |

The fiscal situation of the State has deteriorated because of increased spending and a drop in income, primarily due to lower oil production and the reduction of the Foreign Currency Outflow Tax (ISD). Amidst political uncertainty following President Guillermo Lasso’s invocation of ‘cross death,’ and a harsh winter period, the State recorded revenues of $10.549 […]
Exploring Azuay’s hidden gems

Exploring Azuay’s hidden gems

by | July 10, 2023 |

Exploring the hidden gems of the Austro region in Ecuador can be a rewarding experience for travelers seeking unique and off-the-beaten-path destinations. With a variety of options in Azuay, Cañar, Loja, and Morona Santiago, visitors can immerse themselves in nature, delve into diverse cultures, indulge in adventure tourism, and savor tantalizing cuisine. Here are five […]
Oddly, Conaie refuses to endorse any Presidential candidate

Oddly, Conaie refuses to endorse any Presidential candidate

by | July 10, 2023 |

Claiming no candidate brought forth solutions to the country’s problems, Conaie tells their members to make their own choice. The expanded council of the Confederation of Indigenous Nationalities of Ecuador (Conaie) has made a significant announcement regarding its stance on the upcoming presidential elections. In a session held on July 3, 2023, representatives from Ecuarunari, […]
Oil palm and balsa crops trigger deforestation in the northern Ecuadorian Amazon

Oil palm and balsa crops trigger deforestation in the northern Ecuadorian Amazon

by | July 10, 2023 |

Oil palm and balsa crops trigger deforestation in the northern Ecuadorian Amazon by Ana Cristina Alvarado on July 5, 2023 Highways for the oil industry have facilitated logging for decades. Recent deforestation alerts show that this problem is still in force. In Vía Auca, one of the most deforested areas in the country, peasants are turning to planting […]

Irregular migration increases as do the risks involved

Published on July 10, 2023

Facebook Twitter Google+ LinkedIn An increase in detentions, expulsions and deportations is expected this year. Even though the existing routes present more risks, travelers dare to face them in search of reaching the United States. The increase in irregular migration poses significant risks for those attempting to reach the United States. Despite the dangers associated with […]

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