ECONOMY

With the debt restructuring process with Chinese banks, Ecuador would postpone the payment of USD 4.02 billion until 2022 with Eximbank, the year in which the capital will begin to be paid. These resources were […]

These values ​​will be in force in the country from September 11 to October 10. The price of extra gasoline, eco-country, diesel 2, premium diesel and super increases throughout the country. This is due to […]

In 2016 Ecuador invested USD 5.757 million; So far this year, the figure is around USD 985.9 million. Investment in public works suffered a drastic fall in the last four years. According to figures from […]

This, after accepting a protection action filed by the Office of the Ombudsman A judge from the Quito Civil Judicial Unit accepted the protection action filed by the Ombudsman’s Office for the National Government to […]

Tax collection has not yet recovered. The pandemic is one of the causes. Between January and August, tax revenues fell by USD 4.263 million. This is an issue that worsens, especially when compared to the […]

In the last month, the Government borrowed USD 577 million. The Ministry of Economy and Finance reported that Ecuador’s public debt reached USD 59.258 million, which represents 61.40% of the Gross Domestic Product (GDP). In […]

This represents only 9.5% of what the Ministry of Finance had projected to issue. The Ministry of Economy and Finance proposed to the State providers the payment of their debts using papers to be traded […]

The country has not concluded any agreement with the multilateral and restructuring could be at risk. The closing of the renegotiation of the Ecuadorian public debt with the bondholders is subject to the Government reaching […]

The untimely dismissal reaches 32%, while the loss of jobs because a company that liquidated barely reaches 5%. The unemployment rate in Ecuador grows amid the health emergency caused by COVID-19. Economist Jonathan Báez, a […]

In an optimistic scenario, unemployment would reach 20% of the economically active population, he added. Byron Villacís, economist and former director of the INEC, pointed out that the results of the statistics revealed a few […]