The International Monetary Fund (IMF) and Ecuador reached an agreement at the technical staff level on the second and third review of the economic program of the Latin American country within the framework of the Expanded Service (SAF), as reported in a statement.
Once the reviews are completed,…
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ecuador
Two MEPs sanctioned for their participation in Ecuador elections
The Democratic Support and Electoral Coordination Group of the European Parliament has sanctioned the MEP of Izquierda Unida, Manu Pineda, and that of Podemos, Idoia Villanueva, for breaking the rules of electoral missions in the elections…
Lasso issues his first decrees as president
The president of Ecuador, Guillermo Lasso, issued his first decrees in office, hours after assuming the Presidency, among which stand out the repeal of the regulations of the Communication Law and the removal of 1.7 million people from the…
Ecuadorian candidate proposes cryptocurrencies in his government plan
Just 19 days before the presidential elections in Ecuador, the candidates offer the country their government plans, and among them, cryptocurrencies stand out as a management proposal to strengthen the financial system of the Latin American…
Lima Group refused results of parliamentary elections in Venezuela
This Monday, December 7, the member countries of the Lima Group rejected through a joint statement the parliamentary elections carried out this Sunday by the National Electoral Council (CNE) in which the ruling party obtained the absolute…
Ecuador and IMF agree to review the EFF for 27 months
The technical staff of the International Monetary Fund (IMF) and the Ecuadorian authorities reached an agreement on the first review of the Extended Fund Facility, EFF, (SAF in Spanish) of 27 months, by which the Andean country would have…
Ecuador GDP fell during the second quarter
Ecuador's Gross Domestic Product (GDP) fell by 12.4% in the second quarter of the year compared to the same period of the previous year, in the context of the pandemic and the suspension of productive activities in the Andean country.…
Ecuador authorizes the import of fuel
The President of Ecuador, Lenín Moreno, signed a decree authorizing the private sector to freely import industrial gas, gasoline, natural gas, diesel, jet fuel, avgas or other derivatives; with the purpose that companies progressively…
Imported digital services will pay VAT in Ecuador
As of this Wednesday, September 16, imported digital services, as well as applications, will begin to be recorded with the Value Added Tax (VAT) in Ecuador.
As announced by the Ministry of Communication of the Presidency, from this…
Ecuador’s economy could contract up to 9.6%
The Central Bank of Ecuador expects the country's Gross Domestic Product (GDP) to contract by a range of between 7.3% and 9.6% this year, as a consequence of the health and economic crisis of the pandemic.
The issuing institute detailed…
Latin American countries agree on solutions to revive their economy
Through a videoconference on Tuesday different Latin American countries that make up the Forum for the Progress of South America (Prosur in Spanish) agreed to join efforts for the reactivation of the economy, thus promoting employment and…
IDB approves $ 250 million loan for Ecuador
The Inter-American Development Bank (IDB) approved a loan of 250 million dollars to face the effects of the coronavirus pandemic in Ecuador.
The operation is part of the amount of $ 700 million with which the IDB committed to support…