Ecuadorian police stormed the Mexican embassy in Quito on April 5 to arrest
former vice president Jorge Glas after Mexican President Andrés Manuel López
Obrador granted him political asylum earlier in the day.… Read More Ecuador Police Storm Mexican Embassy to Arrest Ex-VP Jorge Glas
Ecuadorian President Daniel Noboa declared a state of “internal armed conflict” against transnational criminal networks after a wave of street violence swept the South American country.… Read More Ecuador Declares State of ‘Internal Armed Conflict’ to Fight Criminal Networks
Daniel Noboa, a 35-year-old businessman and son of Ecuador’s wealthiest family, was elected president after outgoing president Guillermo Lasso called for new elections and dissolved congress in May. … Read More Ecuadorian Banana Magnate Daniel Noboa Wins Special Presidential Election
For years, Ecuador has been labeled a bastion of peace in a region racked by violence and political unrest. But the recent assassination of anti-corruption presidential hopeful Fernando Villavicencio shattered that perception, highlighting how the small South American nation is facing down a rapidly expanding war on organized crime amid political divisions and limited economic resources.… Read More Assassination Days Before Presidential Vote Shakes Ecuador – and Region
Ecuador President Guillermo Lasso dissolved the Andean nation’s congressional assembly and called for new elections, citing “grave political crisis and internal commotion.” Lasso, a 67-year-old former banker who took office in May 2021, used a constitutional provision known as “muerte cruzada,” to end a congressional impeachment inquiry into corruption and embezzlement allegations. … Read More Ecuador President Dissolves Congress as Impeachment Investigation Expands
The U.S. Department of Justice unsealed a criminal indictment against Nilsen Arias Sandoval, a high-ranking official at Ecuador’s state-owned oil company, Petroecuador, for taking part in a widespread bribery and money laundering scheme during the administration of ex-Pres. Rafael Correa.… Read More United States v. Nilsen Arias Sandoval
Ecuadorian voters elected Guillermo Lasso, a 65-year-old former chief executive officer of Banco de Guayaquil SA, as the next president of the South American nation.… Read More Guillermo Lasso Wins Ecuador Election Defeating Correa Protégé in Presidential Vote
On February 12, a wall of rocks and mud buried Chanchán, a small community in the Andean province of Chimborazo in central Ecuador… Read More Political Landslides: Water and the Environment in Ecuador’s Presidential Elections
The Reserva Ecológica Antisana, located in the Andean cordillera southeast of Quito, is one of the few remaining areas in the Ecuadorian highlands where relatively large populations of endemic plants and animals continue to thrive. … Read More Reserva Ecológica Antisana
The International Monetary Fund approved $2 billion to help Ecuador “restore macroeconomic stability and pursue the unfinished structural agenda” … Read More IMF Approves $2 Billion Loan for Ecuador to Shore up Economy
“esta es una placa de la ignominia, esta es una placa en donde consta y queda constancia para las futuras generaciones que los más altos personeros de un país cometieron un delito: recibieron coimas y con esas coimas se beneficiaron personalmente o pretendieron perennizar a su movimiento político en este país.”… Read More The Tablet of Disgrace
Ecuador virus cases plunged 37% in August, the most in South America after Brazil (40%), according to the WHO.… Read More Flattening the Curve: Ecuador and Brazil Pull Ahead in August
Ecuador won approval to restructure about a third of its international bonds this week, alleviating part of the fiscal hangover from the Correa administration’s ruinous decade in power.… Read More Ecuador Credit Talks Silent on Debts to History
Quitoloma is an Incan fortress on a hill above El Quinche, east of Quito. The site was part of what is known as the Pambamarca fortress complex, thought to be the largest pre-Colombian military site in the Americas. … Read More Quitoloma: Commanding Sites in Forgotten Places
Max Fisher, an international reporter and columnist for The New York Times, kicked off a debate last month about the “Latin Americanization” of the U.S. … Read More Spotting Trends: ‘Bad Hombres’ in the News
I’ve watched the coronavirus crisis unfold from a quiet street in the suburbs of Quito … Read More Dispatch from Quito: Coronavirus and La Cuarentena in Ecuador
Landslides severed Ecuador’s two oil pipelines last week, spilling heavy crude into the Coca River in the country’s northeastern Amazon region. Now, amid the ongoing coronavirus crisis … Read More Ecuador Landslide Deepens Virus Crisis as Oil Pipelines Severed for Weeks
Ecuadorian ex-President Rafael Correa is on trial again, this time for campaign-finance fraud. Three years after a national referendum forced him from office, Correa is being tried in absentia … Read More Ecuador’s Splintered Left on Trial with Correa
La mina de oro y plata Río Blanco, atacada y quemada este mes por manifestantes de la comunidad, es emblemática en la industria minera ecuatoriana por todas las razones equivocadas. Haciendo caso omiso a la resistencia de las comunidades locales, del Municipio de Cuenca y de la provincia del Azuay, el gobierno central del Ecuador… Read More La Minería en Ecuador: Del Dicho al Hecho
El informe borrador –el cual aún no es concluyente– de la Contraloría sobre la deuda pública, presentado el 14 de marzo pasado, es un triunfo estratégico para el presidente Lenín Moreno. No solo permite responsabilizar al expresidente Rafael Correa del despilfarro fiscal, sino que Moreno también puede hacer corresponsable a la Asamblea Nacional de futuros… Read More Correa, China y la Asamblea, Afectados por el Informe de la Deuda
El referéndum del 4 de febrero fue significativo. En su nivel más obvio, le dio al presidente Lenín Moreno una sólida victoria política y al expresidente Rafael Correa una derrota asombrosa. Pero más allá de las reacciones en Quito, los votantes en las zonas mineras de la Sierra y el Oriente enviaron un mensaje inequívoco:… Read More Ecuador Habló: La Minería es Peor que Correa
Lenín Boltaire Moreno Garcés, a popular former vice-president, won Ecuador’s presidential elections with 51 percent of the vote, defeating Guillermo Lasso, an executive of the nation’s second-largest bank. Outgoing President Rafael Correa, in power since 2007, supported Moreno in an election campaign marred by irregularities.… Read More Lenín Moreno Wins Ecuador Election with Correa Support
Bloomberg Businessweek, March 28 — April 3, 2016 Susan Lamy and her husband, Jean Pierre, owned a successful interior design business in Westport, Conn., but they still worried about how they would make ends meet in retirement. “Just paying for the basic necessities was killing us, and we could see that there was no way… Read More Greetings From Gringolandia
By Nathan Gill April 19, 2016 (Bloomberg) — Before a 7.8-magnitude earthquake struck Ecuador on Saturday, the South American nation’s finances were already in tatters as the government struggled to meet payments to municipal authorities, oil companies and even cancer hospitals. Cut off from global bond markets, President Rafael Correa must now find enough money to… Read More Bailout Risk Grows for Ecuador After Worst Earthquake in Decades
By Benjamin Bain and Nathan Gill April 16, 2016 (Bloomberg) — World leaders from the Vatican to Washington offered support to Ecuador as casualties mounted following one of the strongest earthquakes to strike the South American country in decades. By Sunday evening, the number of dead had climbed to at least 246, from 77 earlier… Read More Ecuador Quake Death Toll Rises as World Leaders Offer Support
By Nathan Gill and John Quigley April 12, 2016 (Bloomberg) — The victory by Pedro Pablo Kuczynski, a former finance minister, for second place in Sunday’s Peruvian president elections sets up a showdown between two business-friendly candidates, part of a regional backlash against left-wing politicians. Kuczynski, a 77-year-old Oxford-trained political economist who’s spent more than 50… Read More 77-Year-Old Wall Street Favorite to Face Fujimori in Peru Runoff
Oil-producing countries must take the necessary steps to stabilize the global crude market in a bid to improve prices, Ecuador Foreign Minister … Read More Latin America Oil Producers Call for Action to Improve Prices
Ecuador is poised to do something it’s never done in its more than 180-year history: repay a bond.… Read More Eight Defaults and 180 Years Later, Ecuador to Repay Bondholders
By Nathan Gill August 24, 2015 (Bloomberg) — As emerging markets come unhinged around the world, few nations face tougher challenges than Ecuador, a dollarized oil producer in El Nino’s path, where street protests are flaring up alongside one of the planet’s most dangerous volcanoes. “Sometimes it makes you want to laugh,” said Jose Hidalgo, director… Read More Everything Is Going Wrong in Ecuador
By Nathan Gill July 9, 2015 (Bloomberg) — Pope Francis asked for forgiveness for crimes committed by the Catholic Church during the colonization of the Americas at a summit in Bolivia, home to one of the region’s largest indigenous populations. “I say with sorrow that the church has committed many serious sins against the indigenous… Read More Pope Apologizes for Church Abuse in Conquest of the Americas
By Nathan Gill (Bloomberg) — Pope Francis, the first Latin American to lead the Catholic Church, called for unity and greater respect for diversity Tuesday during a mass in Quito, where thousands camped overnight in the rain to hear the pontiff speak. “There was no shortage of conviction or strength in that cry for freedom… Read More Pope Seeks Unity in Latin America Plagued by Political Strife
By Nathan Gill and John Follain July 5, 2015 (Bloomberg) — Pope Francis arrived in Ecuador Sunday, starting a nine-day visit to South America in which he’s expected to focus on the poor and challenge policies on oil drilling that damage the environment.“In the words of the gospel, we can find the keys that will… Read More Pope Francis Brings Focus on Poor to South America
By Nathan Gill (Bloomberg) — This year’s climb in crude prices, however slight, brought relief to Venezuelan and Ecuadorean bondholders after last year’s crash decimated the oil producers’ revenue and prompted concern they were running short of cash. Now, the pessimism is back. While New York oil futures have surged 36 percent from a six-year… Read More Venezuela Bonds Trapped by Oil’s New Normal as Relief Rally Ends
