This Tuesday, the Government of Ecuador reported to the local media its decision to prepare a Monetary and Financial Code that seeks the autonomy of the Central Bank, it must be approved by the National Assembly before the term of the incumbent president, Lenin Moreno, ends.
The Minister of…
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Lenín Moreno
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 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…
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…
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…
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…
Ecuador will withdraw from the OPEC due to financial problems
Ecuador announced on Tuesday it will leave the Organization of Petroleum Exporting Countries (OPEP) next year. The decision was taken due to the financial problems the country is going through related to the internal issues and challenges…
IDB starts Annual Meeting of Governors in Ecuador
In this assembly, the financial solutions offered by BID Invest will be reviewed, which are concentrated in the private sector of the economy of Latin America and the Caribbean.
On July 2, Ecuadorian President Lenin Moreno confirmed that…