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Ecuador signs agreement with CAF to access USD 7,000 million

The agreement refers to the ordinary capital shares of the organization, which will allow progress towards a new capitalization, approved in March 2022. Minister Pablo Arosemena met with the IMF and other organizations in the United States. The Government of Ecuador signed an...
Posted On 21 Jul 2022
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Ecuador and China started the first round of negotiations for an FTA. Second and third round is planned for August and September

The first round of negotiations between Ecuador and China for the signing of a Free Trade Agreement (FTA) began this Monday, July 18, virtually, the Minister of Production, Foreign Trade, Investments and Fisheries reported last Tuesday afternoon. Julius Jose Prado. “This week...
Posted On 20 Jul 2022
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Ecuador remains unbeaten in eleven years without foot-and-mouth disease. Vaccination campaign started to inoculate 4.6 million animals

With an investment from the State of $ 5.5 million, the vaccination campaign against foot-and-mouth disease began this Monday, July 18, which will last until August 31 and is in charge of the Ministry of Agriculture and Livestock (MAG), through the Phytosanitary and Zoosanitary...
Posted On 19 Jul 2022
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Exports grow 34%, driven by the United States and China

In the first five months of 2022, Ecuadorian exports to the United States grew by USD 1,310 million and those going to China increased by USD 1,188 million. Ecuadorian exports reached USD 13,817 million in the first five months of 2022, according to the latest report from the...
Posted On 18 Jul 2022
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How much does a person in Ecuador spend on streaming platforms?

A person who uses one, two and sometimes even three streaming platforms for which he pays between $6 and $20 and who usually lends his password is a general profile of the user of this service in the country. This is how the responses to a survey carried out precisely to get to...
Posted On 18 Jul 2022
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Ecuador is part of the opening speech of the G20 Finance

According to the Indonesian Finance Minister and host of the event, Sri Mulyani Indrawati, the world faces a “triple threat” from the war in Ukraine, rising energy prices and global inflation, which affects countries like Ecuador. The two-day meeting of G20 finance...
Posted On 15 Jul 2022
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Lack of regulation of delivery platforms creates a black market

The percentage of workers on home delivery and passenger transport platforms is growing in Ecuador, in part due to the lack of job opportunities for immigrants. About 55,000 people work for passenger transport platforms and home deliveries in Ecuador. That means that in the last...
Posted On 14 Jul 2022
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Devaluation of the Colombian peso and the euro affect Ecuador

The currency market crisis makes Ecuador’s exports more expensive, because it makes it an expensive country to be dollarized. The dollar gains more and more value in the market and, on the other hand, the currencies in most Latin American countries depreciate. The foregoing...
Posted On 13 Jul 2022
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Why does the price of premium gasoline skyrocket in Ecuador?

What relationship do the war in Ukraine and the pandemic have with the fact that a gallon of premium gasoline costs more than USD 5 at service stations in Ecuador ? All three events are linked to each other and, in addition, are the cause of inflation. When the world was confined...
Posted On 13 Jul 2022
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The United States improves the travel alert for Ecuador, after the end of the strike

More than a week after the end of the national strike, which lasted 18 days, the United States decided to improve the travel alert for Ecuador. The United States Government upgraded the travel rating for Ecuador from level 3 to level 2. The decision was reported on July 11, 2022....
Posted On 11 Jul 2022
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