Ecuador will stand up to falling oil prices

Diego Martinez, delegate of the Presidency to the Policy and Monetary and Financial Regulation Board, said at a press conference that last year, the GDP growth excelled by 3.8%, making the national economy reach the highest growth of the region. The appreciation of the dollar and...

BCE reported growth of 3.5% in the Ecuadorian economy

The Central Bank of Ecuador (BCE) said in a statement that the Ecuadorian economy grew 3.5% in the second quarter of this year compared to the same period in 2013. The growth is mainly by the performance of non-oil sector, which contributed 2.85 percentage points, confirming that...

World Bank: Growth in Ecuador has been inclusive

According to a World Bank (WB) report, growth  has been inclusive in Ecuador, with a direct effect on reducing the levels of poverty and inequality and the rise of the middle class. The WB noted that between 2006 and 2013, the poverty measured by incomes (using the national...
Minister of Commerce, Gao Hucheng

China initiates free trade zone in Shanghai

Since yesterday, China took another historic step after opening to the world its economic and financial system, this was done by means of the new free trade zone in Shanghai, an experimental area to revolutionize its own weight in the world economy. After a ceremony attended by...
Food Inflation in the Caribbean and Latin America was 8.9% in June

Food Inflation in the Caribbean and Latin America was 8.9% in June

This morning the Food and Agriculture Organization of the United Nations (FAO) reported that food inflation in the Caribbean and throughout Latin America reached 8.9% in June compared with the same month of 2011. This increase, which represents the highest level so far this year,...

Central Bank Announces Reform to Limit Credit

This year due to the financial crisis that Ecuador has suffered increased the economic tensions. The recent resolution of the Central Bank demands that financial entities delegate more money to the Liquidity Fund to reduce the capacity of banks to give credits and boost the...

Ecuadorian Central Bank Foresees Economic Decrease in 2012

Central Bank of Ecuador (BCE for its Spanish acronym) lowered the projection of its economic growth for 2012, to 4,8%. The previous prognosis was of 5,4% according to the report published by the monetary authorities this Tuesday. The report does not explain the motive of the...

Peru, Ecuador and Bolivia: Countries with Better Economic Projection in 2050

According to a report by HSBC Global Research, South American countries such as Peru, Ecuador, and Bolivia will be those who integrate the group of the 26 economies that might have rapid economic growth (above 5% average) through 2050. The three Latin American states would be...
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