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COUNTRY INSIGHTS

A full political agenda for the coming weeks
ECUADOR · In Brief · 04 Nov 2021

President Lasso continues his official tour through Europe, where he attended the 26th UN Climate Change Conference in Glasgow and is currently presenting the Ecuadorian investment portfolio to government officers and private businessmen in Spain. In the meanwhile, the Commission of Constitutiona...

A trapped president
ECUADOR · Report · 22 Oct 2021

President Lasso is trapped in a power battle with the Assembly, which is the omen of a lose-lose situation unless both sides seek ways to lower the political heat. Ever since the CAL rejected the mega-bill project, conflict between the parties has escalated, with mutual accusations. Finally, Lass...

Solomonic decisions ahead
ECUADOR · In Brief · 30 Sep 2021

As we expected, five of the seven members of the Administrative Committee from the Assembly (CAL) rejected the bill Creating Opportunities submitted personally by president Guillermo Lasso for the legislators’ approval. They justified their decision alleging the project referred to multiple topic...

The clock is ticking
ECUADOR · In Brief · 23 Sep 2021

Guillermo Lasso will personally present the labor and tax reforms together with other bills to the assembly on Friday, September 24, after socializing their main contents tonight. The government has decided to send these bills together as one economically urgent law. In this fashion, the Assembly...

Webinar Replay: Rethinking Ecuador: Is now the time?
ECUADOR · Report · 17 Sep 2021

Visit our calendar page to watch Magdalena Barreiro discuss how ​ a new IMF program, higher commodities prices, and a centrist president appear to have Ecuador positioned for a comeback, and the risks and opportunities in the country’s current macro and political environment.

Dark clouds coming from the Assembly
ECUADOR · Report · 13 Sep 2021 · 1 response

The political sky looks mostly blue after the first 100 days of President Guillermo Lasso’s government. His popularity has hit record highs at 75%, and the government celebrated its 100th day with over nine million Ecuadorians vaccinated, placing Ecuador as Number One in the world in vaccines app...

Is high popularity a buffer against social unrest?
ECUADOR · Report · 19 Aug 2021

Approximately 80% of Ecuadorians approve of President Lasso’s government in the first 90 days of his administration, and his popularity increased slightly between June and August 6, from 71.4% to 73.5%, according to CEDATOS. Also, his credibility is up from 61.7% to 63.2% in this period. But whil...

The correct path to recovery
ECUADOR · Forecast · 19 Jul 2021 · 1 response

The first 150 days of President Lasso’s administration have been characterized by economic openness with sensible protection of Ecuadorian producers; transparency, efficiency, and investment attraction for the oil sector; recovery and improvement of domestic productivity; hard work to continue wi...

A clearer spot in the region
ECUADOR · Report · 14 Jun 2021

After two weeks in office, Guillermo Lasso registered the highest rate of approval since 1979. At 71.2% he was above Rafael Correa, who had 68% in his best days. In addition, two legislators from the Social Christian Party joined the official forces, which currently represent the second largest g...

Legislative Commissions Finally Conformed
ECUADOR · In Brief · 20 May 2021

After two days of lack of consensus, the new majority formed by Creo-Independents, Pachakutik and Izquierda Democratica finally achieved the exact 70 necessary votes to conform the 15 specialized legislative commissions. However, presidents of these commissions that have nine members, were not ap...

Cry, Correa, cry
ECUADOR · Report · 18 May 2021

“Llori Correa Llori” was the message that flooded social media after Guadalupe Llori – whose last name resembles “llora” or "cry" – was elected president of the National Assembly. Llori, a member of the Pachakutik party, was persecuted and incarcerated by Correa during his presidency. Thus, she r...

Claim of Unconstitutionality of New Education Bill
ECUADOR · In Brief · 12 May 2021

The Constitutional Court received yesterday a claim of unconstitutionality of the new education bill. The claim brilliantly explains the legal violations this bill exhibits and also provides a complete and fair explanation of its negative fiscal and economic implications. This claim was submitted...

New Positive Steps Forward
ECUADOR · In Brief · 26 Apr 2021 · 1 response

The bill in favor of dollarization was finally approved in first and second debates in the Assembly. Legislators from CREO, Social Christian Party, Alianza Pais and other from independent political blocks were in favor, and --as expected --correistas voted against. With this achievement, we expec...

A burst of fresh air
ECUADOR · Forecast · 20 Apr 2021 · 1 response

The victory of Guillermo Lasso in the second electoral round for president brought a burst of fresh air not only for the 52% of the population who voted for him, but also for international markets, which reacted positively to the news. As a result, country risk fell a historical 345 points or 30%...

Encouraging second round results
ECUADOR · In Brief · 11 Apr 2021

When 93.46% of votes have been counted --from which just 4% seem to have problems, Guillermo Lasso leads the election with 52.72% of votes while Andres Arauz has 47.28%. Lasso wins in all Andean and Amazon Provinces (except Sucumbios), while Arauz dominates in the coastal region (except Galapagos...

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