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 investment in the region, as indicated by the block of Chile…
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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…
Ecuador announces new economic measures
The President of Ecuador, Lenin Moreno, announced on Tuesday new economic measures that, in his opinion, seek to combat the health emergency in the country. The executive indicated that the measure implies a cut in public spending of USD 4…
The World Bank projects a GDP fall of 4.6% in Latin America
The World Bank released this Sunday the 2020 projection in relation to the drop in GDP in Latin America, according to which a collapse between 1.8% and 5.5% is expected, assuming the greatest economic crash in the region.
These historical…
Ecuador reduces the salary of high officials
The President of Ecuador, Lenín Moreno, announced a 50% reduction in the salary of senior officials to "mitigate" the economic consequences of the coronavirus pandemic, which adds up to 7,500 cases in the South American country and more…
Paleontologists from Argentina and Ecuador presents the “South American Yeti”
Researchers described a giant sloth that lived in the mountains and inter-Andean valleys of Ecuador more than 2,500 meters above sea level. This "South American Yeti" weighed about a ton, had large claws, and its muzzle was adapted to…
Big Spanish companies will increase their investment in Latin America
About 65% of large Spanish companies will increase their investment in Latin America during 2020, according to the XIII Report on Spanish Investment in Latin America from IE Business School in collaboration with Llorente, Cuenca and Iberia.…
Ecuador exports its first shipment of gold
The Canadian company Lundin Gold, based in Vancouver, Canada, and with administrative office in Quito, Ecuador, has sent its first shipment of gold exceeding more than 177 tons of concentrated gold, as reported by the Ministry of Natural…
Ecuador to receive disbursement of USD 500 million from the IMF
Ecuador shows a deficit of USD 3.6 billion in 2019 and a similar figure is expected in the draft budget for 2020. In addition, the authorities have failed to comply with the tax reform agreed by the International Monetary Fund.
However,…
Crypto cyber attacks affect LA countries
Cryptocurrency transactions increase considerably in the world thanks to the ease of the process and the security felt by customers of the crypto ecosystem. Cyber crimes increase in a similar trend.
According to a recent cybersecurity…
Facebook and Twitter close numerous fake profiles
180 accounts, 26 Facebook pages and 87 Instagram profiles were removed from the interaction platforms due to their link with the distribution of false information and also the intention to urge revolts against some Latin American…
Ecuador implements new measures to boost its economy
In order to strengthen the economy of the South American country, the government of Lenín Moreno has launched a series of economic adjustments which help to raise the income margin in the nation. Among the government plans is included a…