Services

NEWS FLASH

UPCOMING WEBINAR - CAUCASUS AND CENTRAL ASIA: POLITICAL PASSIONS IN THE...

Learn More

COUNTRY INSIGHTS

Mauricio Pozo, the New Minister of Finance
ECUADOR · In Brief · 07 Oct 2020

Richard Martinez quits after finishing what we consider a remarkable job during the time he has been Minister of Finance. He achieved the renegotiation of private bonds, and has been able to consolidate a new agreement with the IMF that, given its conditions and scope, is quite unprecedented. Mau...

Woman power
ECUADOR · Report · 14 Sep 2020

As Simon Espinosa, a well-known and respected journalist and member of the anti-corruption commission, wrote, it has taken two women, Attorney General Diana Salazar and Judge Daniela Camacho to give Ecuadorians back​ some confidence in the formerly captive system of justice. Over 20 cases of c...

Correa's Sentence for Eight Years of Jail is Ratified
ECUADOR · In Brief · 07 Sep 2020

Today at 3 pm Quito's time, the Criminal Cassation Court ratified the sentence of eight years of prison for bribery for Rafael Correa, Jorge Glass (former vice-president), three former ministers including Alexis Mera (Correa's legal advisor), other memebers of the Correistas' group, and several C...

Political scenario slightly clearer
ECUADOR · In Brief · 31 Aug 2020

We expected a large dispersion in the political scenario, and that is what we got with 20 political parties registering their candidates for president and vice-president. Our first feeling is that the group representing Rafael Correa - regardless of whether Correa is enabled as a candidate or not...

A painful wait
ECUADOR · Report · 21 Aug 2020

The grand finale for the debt renegotiation was expected for August 20, but has been postponed until the end of the month in anticipation of a green light on a new IMF program. This new program might not be a short-term stand-by given that the current administration is requesting the inclusion...

On the way to the presidential election through Covid-19
ECUADOR · Forecast · 16 Jul 2020 · 1 response

Covid-19 hit Ecuador on March 15, when the government ordered a curfew that for most cities lasted more than 70 days. However, the Ecuadorian economy has been weak since 2019, when GDP closed with a dismal y/y change of 0.1%. In Q1 2020 it fell 2.1% q/q and 2.4% y/y – the worst declines since Q1 ...

Ecuador webinar featuring Magdalena Barreiro - On the road to the presidential election amid Covid-19 and debt renegotiations
ECUADOR · Report · 09 Jul 2020 · 2 responses

In our webinar, live from Quito, former Finance Minister Magdalena Barreiro discusses the impact of the coronavirus crisis on Ecuador’s macro, political and fiscal situation, as well as the latest developments in the ongoing debt renegotiations​.

The Ecuadorian economy opens to yellow light from red
ECUADOR · Report · 23 Jun 2020 · 2 responses

Ecuador started its lockdown in mid-March when the situation of Covid-19 in Guayaquil was catastrophic. Most cities have been closed for more than 70 days and some for more than 80 days – which has helped to control the pandemic but has taken a large toll on the economy. Official information s...

After much ordeal, fiscal bills are passed
ECUADOR · Report · 20 May 2020 · 2 responses

The National Assembly approved both the Humanitarian Bill and the Ordering of Public Finances Bill after days of hot debate and even within the request of Correistas and Social Christians to archive the second bill. While the approval of the Humanitarian Bill introduced major changes eliminating ...

Fighting to survive
ECUADOR · Forecast · 20 Apr 2020

The title of our most recent quarterly was "Year 2020: More of the same amidst a complicated political situation". We were not expecting Covid-19. Ecuador has been under strict norms of social isolation for over a month. A few economic sectors are continuing with varying levels of activity, but f...

GlobalSource Partners' Analyst Webinar Series: Ecuador update amid the coronavirus
ECUADOR · Report · 26 Mar 2020

Live from Quito, Magdalena Barreiro gives an update on Ecuador's response to the coronavirus pandemic and also provides an in-depth look at the country's financing needs and liquidity situation.

Emergency plan cut with a political scalpel
ECUADOR · Report · 17 Mar 2020 · 1 response

The government issued an emergency plan that expects to raise $2.26 million coming from a $1.4b reduction in expenditures in goods and services ($800 current and $600 capital), an increase of 0.75% in the retention of income tax ($420 million), a 5% one-time tax on vehicles above $20,000 ($220 mi...

Correa's chances for 2021 are still alive
ECUADOR · Report · 25 Feb 2020

The political party that supports Correa, Fuerza Compromiso Social, was able to maintain its electoral participation for 2021. Thus, even though Correa cannot run for president in the upcoming election, he could register his name for vice president. However, his chances are at odds with the ac...

Year 2020: More of the same amidst a complicated political context
ECUADOR · Forecast · 13 Jan 2020

The slowdown in the economy continued in Q3 2019 with scant growth of 0.1% q/q and a decrease of 0.1% y/y. With these results, 2019 GDP growth might confirm the negative 0.5% we expect, leaving an unsettling economic environment during an electoral year, when the government will have to continue ...

Stick and carrot
ECUADOR · Report · 24 Dec 2019

After the unsettling riots of last October, the Assembly has given stick and carrot to the government. First, a majority of over 70 votes denied the proposed economic bill sent by the Ministry of Finance as urgent at the beginning of November. Albeit there were political motives behind this den...

Copyright 2025 GlobalSource Partners. All rights reserved.