Nearly 1.1 million private cars use Extra and Ecopaís gasoline. Additionally, 814,976 motorcycles use gasoline. President Daniel Noboa is analyzing the elimination of the gasoline subsidy. The Government of Daniel Noboa is advancing the plan to eliminate subsidies for Extra and Ecopaís, which could yield an income of about $630 million a year. But how […] 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!

Obviously, the biggest story in TCD this week is about the Nene case. The case is being transferred to the National Court because there is supposedly evidence that Vice President Abad was involved in the bribery scheme. Of course, this mean that the Correístas, who are now backing Abad, are going to claim that these […] 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!

The Vice Minister of Governance, Esteban Torres, asserted on June 5th that an “anti-Noboa” and “anti-government” majority has formed in the Assembly. On June 5th, the Government reacted to recent events in the National Assembly, including the call for President Daniel Noboa to delegate Vice President Verónica Abad to his office. In response, Vice Minister […] 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!

The fuel subsidy, a legacy of the military regime, has persisted despite significant shifts in economic and oil landscapes since the 1970s, proving a challenge for successive Presidents of the Republic. Introduced in Ecuador in 1974 under the military regime led by General Guillermo Rodríguez Lara, the controversial fuel subsidy coincided with a period of […] 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!

The increase in VAT and the elimination of gasoline subsidies would raise annual inflation to 3.5% to 4% in 2024. The initial forecast was 2.1%. The manager of the Central Bank of Ecuador (BCE), Guillermo Avellán, announced that the first disbursement of the credit obtained with the International Monetary Fund (IMF) arrived in the State […] 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!

In a recent interview, the Ecuadorian Minister of Energy indicated that propane gas and diesel fuel are not going to be touched and that currently, 70% of extra gasoline and Ecopaís subsidies are going to people who earn more than $900. The acting Minister of Energy, Roberto Luque, explained the reasons why the Government is […] 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!