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Foreign investment falls to the lowest level in the last 12 years

There was disinvestment in the mining and quarrying sector. Meanwhile, foreign investment declined in the areas of manufacturing and transportation. Foreign Direct Investment (FDI) totaled USD 51.3 million in the third quarter of 2022, according to the Central Bank. Compared to...
Posted On 10 Jan 2023
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Guillermo Lasso’s brother-in-law would lead a corruption plot in the electricity sector

A network of corruption in the electricity sector would be headed by Danilo Carrera, brother-in-law of President Guillermo Lasso and who would be operating in the National Electricity Corporation (CNEL) and Electricity Corporation of Ecuador (CELEC). Danilo Carrera, Guillermo...
Posted On 10 Jan 2023
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