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Cases of corruption are isolated in the view of Correa

President Rafael Correa does not want that his government ends in its last 29 days persecuted by the perception of institutionalized corruption. According to the president, corruption cases such as the Esmeraldas Refinery are isolated and rather respond “to the dark...
Posted On 26 Apr 2017
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Ecuadorian Public Prosecutor´s office analyzes 30 Odebrecht contracts

Some 30 contracts signed by the Brazilian company Odebrecht with the Ecuadorian state are analyzed by the Ecuadorian Public Prosecutor’s Office to verify under which conditions they were signed, it was reported Tuesday. According to statements by Attorney General Galo...
Posted On 26 Apr 2017
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The aggregate public debt is already at 40.2% of GDP

The total public debt stood at 40.2% of the Gross Domestic Product (GDP) at the end of March 2017, according to information available on the website of the Ministry of Finance. The aggregate debt amounted to 40 465 million dollars in March, which takes into account the...
Posted On 26 Apr 2017
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Two countries witnessed the payment of bribes to a former minister

Rodrigo Tacla, a former Odebrecht lawyer, responded to all the inquiries by the Ecuadorian prosecutor’s officeby and gave details on the illegal operations the Brazilian construction company apparently conducted in Ecuador. Daily El Comercio had access to those documents on...
Posted On 26 Apr 2017
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A sit-in against the regime of Nicolas Maduro in Quito

“This is a symbolic act aimed at demanding the resignation of President Maduro,” said Pedro Jose Freile, representative of the Citizen Platform Fifth Power, which took part in this initiative. While several Venezuelans, with masks on their faces, shouted slogans...
Posted On 26 Apr 2017
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Varoufakis suggests the promotion of electronic money in the country

Greek former finance minister Yanis Varoufakis visited the country to praise the outgoing administration of president Rafael Correa and advise president-elect Lenin Moreno. He held meetings yesterday with them to give praise. Few are the changes he suggests in an economic model...
Posted On 26 Apr 2017
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Rafael Correa: ‘The Constitutional Court casts legal uncertainty’

President Correa criticized the Constitutional Court for its “inefficiency” due to the delays of trials and its lacking political control, during the opening speech of the Quitumbre judicial complex, in Quito.   “There are many challenges to improving the...
Posted On 26 Apr 2017
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Juan Carlos Cassinelli reports three changes in safeguard tariff measures to the WTO

Three changes to protective tariff measures compared to that originally established in March 2015 occurred last year. Foreign Trade Minister Juan Carlos Cassinelli explained this during his presentation to the Committee on Balance of Payments Restrictions of the World Trade...
Posted On 26 Apr 2017
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