World Bank will disburse $500 million to Ecuador

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In this article
More from this issue

Banks and cooperatives raise interest rates on deposits to 2-year high
IMF will analyze the last disbursement for Ecuador on December 14th
Blinded by Legacy
Ecuador Ministry of tourism releases 2023 legal holidays
Ecuadorians earned less in 2022 with wages well below pre-pandemic levels
The commercial operation of the Quito Metro will begin in March 2023
Lack of specialist doctors in Cuenca’s IESS hospital leaves patients waiting months for treatments
Ministry of Finance reports largest tax collection since 2015
National COE makes mask use mandatory again in Ecuador
Only 85% of Ecuadorians have been vaccinated against Covid-19

World Bank will disburse $500 million to Ecuador
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Banks and cooperatives raise interest rates on deposits to 2-year high

by Rebeca Mendoza | December 13, 2022 | Volume 7, Issue 10

Banks and cooperatives offer higher interest rates to depositors to encourage savings, which had slowed down. The interest rates paid by financial institutions to savers are rising, and in December 2022 they reached a record rate that had not been seen since November 2020. The average or referential annual interest rate for term deposits is […]

IMF will analyze the last disbursement for Ecuador on December 14th

by Rebeca Mendoza | December 13, 2022 | Volume 7, Issue 10

Update to: Ecuador will seek a new agreement with the IMF in 2023 Published: Volume 6, Issue 51 The Government expects the International Monetary Fund (IMF) to approve the last disbursement of $700 million under the current credit program. The Executive Board of the International Monetary Fund (IMF) will meet on December 14, 2022, to […]

Blinded by Legacy

by Rebeca Mendoza | December 13, 2022 | Volume 7, Issue 10

Okay, let me start by saying that I like the President. I’ve been a Lasso supporter since the early days of his campaign. I think he has the right motives to lead this country. And even though the US has had a bad enough example to make my next few sentences seem ridiculous, I’m going […]

Ecuador Ministry of tourism releases 2023 legal holidays

by Rebeca Mendoza | December 13, 2022 | Volume 7, Issue 10

There are 10 national holidays and one local one that depends on where each person resides. In 2023, Ecuador will have 10 national holidays, independent of the local holidays of each city or canton. The Ecuadorian Ministry of Tourism published this coming year’s holidays on its website (and forecasted them for 2024 and 2025). Most of the holidays are for […]

Ecuadorians earned less in 2022 with wages well below pre-pandemic levels

by Rebeca Mendoza | December 13, 2022 | Volume 7, Issue 10

In real terms, the average salary that Ecuadorians received in 2022 is almost 2% less than in 2019, before the pandemic began. Despite the economic recovery and the increase in the basic salary in Ecuador, the population still receives an average remuneration lower than that of levels prior to the Covid-19 pandemic. The World Wage […]

The commercial operation of the Quito Metro will begin in March 2023

by Rebeca Mendoza | December 13, 2022 | Volume 7, Issue 10

Update to: Quito Metro operator guarantees it will launch in December Published: Volume 6, Issue 41 The municipality announced on Monday December 12th that the operation of the Quito Metro will be divided into two phases. The first will start on December 21st. The commercial operation of the Quito Metro will begin on March 5, […]

Lack of specialist doctors in Cuenca’s IESS hospital leaves patients waiting months for treatments

by Rebeca Mendoza | December 13, 2022 | Volume 7, Issue 10

There are patients with rare and catastrophic diseases in the IESS hospital in Cuenca who have not been able to access medication due to the lack of specialists who prescribe them. Ana Idrovo waited six months, from June of this year, for the José Carrasco Arteaga hospital of the Ecuadorian Social Security Institute (IESS) in […]

Ministry of Finance reports largest tax collection since 2015

by Rebeca Mendoza | December 13, 2022 | Volume 7, Issue 10

According to the Ministry of Finance, tax collection totaled $14.015 billion between January and November 2022. This was the highest number since 2015. One month before the end of 2022, tax collection reached record figures not seen since 2015. Tax revenue from the State Budget totals $14.0153 billion between January and November 2022, according to […]

National COE makes mask use mandatory again in Ecuador

by Rebeca Mendoza | December 13, 2022 | Volume 7, Issue 10

After the increase in respiratory diseases due to covid and influenza infections, the COE gave new guidelines. Following the increase in cases of Covid-19 and influenza in November, and the fact that several health centers need to increase the number of beds to care for people with acute respiratory infections, Juan Zapata, president of the National […]

Only 85% of Ecuadorians have been vaccinated against Covid-19

by Rebeca Mendoza | December 13, 2022 | Volume 7, Issue 10

The effort by the Ministry of Health to get Ecuadorians vaccinated comes amid a spike in Covid-19 and influenza infections. In addition, the application of booster shots has stalled. Even though vaccines are effective tools to combat diseases, there are still 2.6 million people in Ecuador who have not received a single dose against Covid-19. […]

Ecuador's Original English Language Newspaper

In this article

More from this issue

Banks and cooperatives raise interest rates on deposits to 2-year high

IMF will analyze the last disbursement for Ecuador on December 14th

Blinded by Legacy

Ecuador Ministry of tourism releases 2023 legal holidays

Ecuadorians earned less in 2022 with wages well below pre-pandemic levels

The commercial operation of the Quito Metro will begin in March 2023

Lack of specialist doctors in Cuenca’s IESS hospital leaves patients waiting months for treatments

Ministry of Finance reports largest tax collection since 2015

National COE makes mask use mandatory again in Ecuador

Only 85% of Ecuadorians have been vaccinated against Covid-19

World Bank will disburse $500 million to Ecuador

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