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In a remote corner of Ecuador lies Oyacachi, a rural parish nestled in the El Chaco canton, province of Napo, surrounded by breathtaking rivers, streams, waterfalls, lagoons, hot springs, and mountains. With a population of around 800 people, this secluded town has...
In a bid to address the alarming issue of electronic waste (e-waste), Ecuador environmental management company Vertmonde, has spearheaded the 'Ecuador Free of E-Waste' initiative. The initiative aims to tackle the improper disposal of electronic waste, a problem...
Kronfle expresses skepticism, stating that the evidence fails to persuade him that Salazar warrants impeachment. Noboa emphasizes the need for collaborative efforts, advocating a departure from the ineffective governance of previous times. On December 7, 2023, the...
“I didn’t have anything… I couldn’t give them gifts or food for tomorrow.”
President Daniel Noboa inaugurated the new leadership of the Armed Forces, expressing confidence that their collective efforts would lead to victory in the ongoing battle against insecurity.
The justice system in Ecuador has acknowledged the rightful ownership of 42,360 hectares in Pë’këya by an Amazonian community. This region encompasses significant sacred sites for the tribe.
Update to: New Megamaxi set to open in Cuenca in November Published: volume 8, Issue 1 Corporación Favorita inaugurated Wayra Plaza, its inaugural 'power center,' in Cuenca on Friday, November 24th, drawing a substantial early crowd. Álvaro Róthembach, the manager of...
Guillermo Lasso’s presidency, spanning nearly 30 months, will be remembered for an exacerbation of violence, intensified drug seizures, unbridled prison chaos, and a paradoxical rise in organized crime at the expense of common criminal activities. As the administration concluded on November 23, 2023, the prevailing sentiment was one of unfulfilled promises and mounting security challenges.
The Ministry of Energy has unveiled a comprehensive plan aimed at addressing the persistent issue of blackouts in the country. This initiative comes as a response to the recent challenges faced during the transition of power from the previous government to the current one, marked by unsuccessful attempts to secure additional electricity before the end of the term.
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President Daniel Noboa has intensified the estrangement within the Executive Branch by issuing a decree to overhaul the role of Vice President Verónica Abad. This restructuring, outlined in Executive Decree No. 30, places the Ministry of Labor and the National Planning Secretariat in charge of implementing the changes, signaling a significant reduction in the responsibilities assigned to Vice President Abad.
In 2024, President-elect Daniel Noboa faces the formidable challenge of securing a staggering $10.5 billion to finance public spending and meet existing debt obligations. The escalating country risk further complicates his quest for foreign credit, as traditional avenues for borrowing become increasingly elusive.
Mining activity, both legal and illegal, covered more than 7,495 hectares in the Ecuadorian Amazon in 2021, the most recent date analyzed in the study by the Andean Amazon Monitoring Project (MAAP) and the Ecociencia Foundation.
The most affected provinces are Zamora Chinchipe, Napo, and Sucumbíos. At least 46.7% of the mining detected in the Ecuadorian Amazon is located in indigenous territories.
In Ecuador, a recent series of electricity service cuts since October 27, 2023, stemming from a decline in national energy reserves, has underscored the need to comprehend the fundamental processes involved in electricity generation. While Ecuador utilizes a diverse range of energy sources, its over reliance on hydroelectric power— contributing to 92% of the country’s energy mix— has exposed a problem that may only get worse in the future.
The Government of Daniel Noboa will have to pay at least $5.38 billion of external debt until 2025. But the greatest payment pressure is in 2026 and 2027. Ecuador's total public debt amounts to $75.227 billion until August 2023, which is equivalent to 62% of the...
“This is a product of the rise of organized crime gangs, and the inefficiency of security agencies and the lack of response from the Government.”
The timeline for the end of blackouts depends on various factors, including the successful contracting and operation of the targeted 465 MW, as well as hydrological conditions.
The President-elect also met with US government officials, investors and trade representatives. Daniel Noboa Azín, the president-elect of Ecuador, embarked on a crucial leg of his international tour as he touched down in the United States on November 4, 2023. His...
At first Summit of Leaders of the Alliance for Economic Prosperity in the Americas (APEP), Biden pushes for growth of middle-class across Americas. President Joe Biden unveiled a series of initiatives on Friday aimed at bolstering the economies of Latin American...
As Ecuador confronts a severe drought, the repercussions are becoming increasingly evident, with the most critical phase projected to hit in December 2023. Currently, areas like Daule Peripa, boasting abundant rainfall, and Coca Codo Sinclair, where drought conditions...
The Machángara Tomebamba Wildlife Refuge is a new protected area in Ecuador with 24,958 hectares. The main objectives of the refuge are the protection of the water in the area that provides water to Ecuador's third largest city, Cuenca, and other nearby towns in the...
The 5 different parties of the National Assembly are in dialogue to build a majority of at least 70 votes, enough to approve laws and resolutions. Daniel Noboa's government has two options to seek alliances. Securing a majority in the National Assembly is the top...
President Guillermo Lasso has made an appeal to the United Nations through this committee, seeking greater cooperation and the initiation of technical assistance projects to effectively combat the rising insecurity in the country. The Committee against Terrorism is...
The first confirmed cases of avian flu in Galapagos birds were recorded on September 19, 2023. In Peru, around half a million birds died from this cause inside and outside protected areas, according to information from that country. Scientists fear that these numbers...
During his recent visit to Rome, President-elect Noboa reaffirmed his commitment to propose reforms aimed at combating organized crime and delinquency in the country through a popular consultation within the first 100 days of his term. On October 23rd, Noboa outlined...
New controls put in place in 2023 continue to find tax cheaters. The income recovered will help balance the reduction in ISD. As the current year draws to a close, the Internal Revenue Service (SRI) is on track to collect nearly $1.0 billion from ‘tax cheaters,’...
Between August and October, Daniel Noboa made significant political gains, capturing 39 cantons from Correísmo. This strategic shift was observed in the second round of elections, where Noboa not only retained his own victories but also secured 28 cantons previously...
The alliance between Tiguerones, Lobos, Mexican cartels, and the Albanian mafia has led to widespread insecurity in Ecuador. In recent years, Ecuador's criminal landscape has witnessed a surge in influence orchestrated by the unholy union between local gangs, Mexican...
At least 700 individuals have suffered losses from their involvement with BY Asesores de Seguros. The company, which raised funds, promised returns of up to 9% per month, resulting in losses totaling a minimum of $7 million. Karina initially believed BY Asesores de...
In the wake of a severe drought gripping the eastern region of Ecuador, the nation's hydroelectric power production has experienced a significant drop, plummeting from its usual contribution of 90% to a mere 79%. This decline in power production, as reported by the...
Corporación La Favorita is set to unveil its inaugural Megamaxi in Cuenca come mid-November 2023, following an extensive two-year construction effort bolstered by a substantial $35 million investment. Corporación La Favorita’s new Megamaxi is in the El Paraíso sector,...