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The Future of President Guillermo Lasso Hangs on the Balance of the Oversight Commission

The Future of President Guillermo Lasso Hangs on the Balance of the Oversight Commission

by | April 3, 2023 |

The impeachment trial against President Lasso is a significant event in Ecuador’s recent history, and its outcome could have significant implications for the country’s political landscape. The unpredictable nature of the Oversight Commission and the lack of legal clarity on how to proceed if the Commission does not approve a report makes it difficult to […]
BanEcuador’s Losses Quadruple as Delinquency Rates Rise

BanEcuador’s Losses Quadruple as Delinquency Rates Rise

by | April 3, 2023 |

Last year, BanEcuador incurred losses of $110 million, partly due to forgiving and restructuring debts as a political compromise with indigenous representatives. The public bank BanEcuador has been facing a significant financial crisis, marked by a record number of losses in 2022 that amounted to a staggering $110 million. This number is four times more […]
Ecuador Overtakes Colombia as Major Cocaine Source for Europe

Ecuador Overtakes Colombia as Major Cocaine Source for Europe

by | April 3, 2023 |

The United Nations Office on Drugs and Crime (UNODC) has published its 2023 global report on the cocaine market, with Ecuador being mentioned repeatedly throughout the document.  The global cocaine market has undergone significant changes due to the COVID-19 pandemic, but the long-term trends remain largely unchanged, according to the 2023 Global Report on the […]
Ecuador’s Non-Traditional Exports Experience Sharp Decline at Start of 2023

Ecuador’s Non-Traditional Exports Experience Sharp Decline at Start of 2023

by | April 3, 2023 |

In January, the export volume of non-traditional products experienced a decline of 16.8%. The manufacturing sector is currently one of the poorest performing industries.  According to data from the Central Bank, Ecuador started 2023 with a significant drop in exports of non-traditional products. In January, volume and value decreased by 17% and 10%, respectively, when […]
Real Estate Projects Flourish in Cuenca’s Historic Center

Real Estate Projects Flourish in Cuenca’s Historic Center

by | April 3, 2023 |

Builders have discovered a new market among Ecuadorians and foreigners seeking housing in the center of Cuenca. The price of housing units varies from $1,000 to $2,000 per square meter. Real estate developers are finding a new market among Ecuadorians and foreigners looking for housing in the historic center of Cuenca. The cost of housing […]
The complete opinion of the Constitutional Court that allows Lasso’s impeachment to move to a political trial

The complete opinion of the Constitutional Court that allows Lasso’s impeachment to move to a political trial

by | April 3, 2023 |

Final opinion of Ecuador Constitutional Court allowing impeachment of President Guillermo Lass to move to a political trial. The political trial for impeachment against Ecuador President Guillermo Lasso was ruled ‘admissible’ by the Constitutional Court of Ecuador on March 29, 2023. In their opinion, the Court excluded two charges of ‘concussion’ [racketeering] against the President. […]

Rekindling Connections with Old Friends  

Published on April 03, 2023

Facebook Twitter Google+ LinkedIn As social beings, we all yearn for that sense of connection, that feeling of camaraderie and shared experience. And when old friends come back into our lives, it’s like a fresh breeze on a hot summer day, reminding us of the relationships we’ve built and the memories we’ve shared. Recently, my […]

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