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Ecuador and the First AIIB Project in Latin America

Ecuador and the First AIIB Project in Latin America

by | December 14, 2021 |

In November 2020, the Asian Infrastructure Investment Bank (AIIB) approved $50 million in financing for the first Latin American country to join as a non-regional member: Ecuador. What is the scope of the project? What can we expect from the AIIB for Latin America? Project 000435 is a $50 million sovereign guaranteed loan to Ecuador’s largest […]
Friends come in many different forms

Friends come in many different forms

by | December 14, 2021 |

I’ve got a friend who believes in every possibly “conspiracy theory” you can think of. For example, he still believes that some senior Democrat politicians were involved in sacrificing children in the basement of a pizza parlor in Washington, DC. Honestly, he believes it. And that Hilary Clinton was involved. He now thinks that a […]
Lasso announces increase of $25 to the unified basic salary

Lasso announces increase of $25 to the unified basic salary

by | December 14, 2021 |

It is now official; the 2022 unified base salary (SBU) will be $425. Tonight, December 13, 2021, President Guillermo Lasso announced that there would be an increase of $25 over last year. It is the largest salary increase since 2013, when the salary increased by $26. This latest increase will become effective in January 2022. On November 30th, the Ministry of Labor gave […]
Lasso announces policy to combat begging and child labor

Lasso announces policy to combat begging and child labor

by | December 14, 2021 |

As of December 2019, there were around 311,000 girls and boys working in Ecuador. “I am sure that with the pandemic that number must have grown,” said President Guillermo Lasso this pat Thursday. Lasso spoke these words at the presentation of the Solidarity without Begging campaign, which was held in La Carolina Park, in the north of Quito. Government authorities and families […]
The United States is concerned about ‘narco generals’ and drug trafficking in Ecuador

The United States is concerned about ‘narco generals’ and drug trafficking in Ecuador

by | December 14, 2021 |

In an interview last week, US Ambassador Michael Fitzpatrick spoke about the bilateral relationship with Ecuador on anti-corruption actions, such as the withdrawal of visas for those investigated. For Washington, Ecuador represents a horizon of opportunities for bilateral cooperation on different activities. And above all, in the reinforcement of democracy and the rule of law, […]

Government allocates $400 million for a 5-year plan against Fusarium

by | December 14, 2021 |

Update to: Update: Banana sector reinforces prevention measures to avoid Foc R4T fungus Published: Volume 5, Issue 50 The strategic plan for the prevention, detection, and control of the Fusarium race 4 plague (FOC R4T), which the President of the Republic, Guillermo Lasso, presented on November 26th, in Guayaquil, has a budget of $400 million over the […]

Ecuador opens Latin America’s first insect-meal production plant

by | December 14, 2021 |

Update to: New ‘Cyclical Economy’ model is to guide Ecuador’s future production Published: Volume 3, issue 41 Guayaquil, Ecuador-based Bioconversión has opened a $2.5 million plant producing insect meal – the first such insect meal production plant of its kind in Latin America. Founded in 2019, the biowaste-to-protein processing firm will use black solder fly […]

National Court overturns Correa era convictions, new evidence shows corruption

Published on December 14, 2021

Facebook Twitter Google+ LinkedIn In the last month, the National Court of Justice issued three rulings in favor of those sentenced in emblematic cases of corruption during the Rafael Correa administration. These cases returned to the courts thanks to the appeal for review, allowed in Ecuadorian criminal law. The three cases were: the policemen sentenced […]

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