Latest
Ecuador Police Storm Mexican Embassy to Arrest Ex-VP Jorge Glas
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…
Ecuador Declares State of ‘Internal Armed Conflict’ to Fight Criminal Networks
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.
Ecuadorian Banana Magnate Daniel Noboa Wins Special Presidential Election
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.
Assassination Days Before Presidential Vote Shakes Ecuador – and Region
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…
Ecuador President Dissolves Congress as Impeachment Investigation Expands
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…
United States v. Nilsen Arias Sandoval
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…
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Environmental News
Political Landslides: Water and the Environment in Ecuador’s Presidential Elections
On February 12, a wall of rocks and mud buried Chanchán, a small community in the Andean province of Chimborazo in central Ecuador
Reserva Ecológica Antisana
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…
Ecuador Landslide Deepens Virus Crisis as Oil Pipelines Severed for Weeks
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
Ecuador’s Splintered Left on Trial with Correa
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
La Minería en Ecuador: Del Dicho al Hecho
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.…
Ecuador Habló: La Minería es Peor que Correa
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…
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Political News
Guillermo Lasso Wins Ecuador Election Defeating Correa Protégé in Presidential Vote
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.
IMF Approves $2 Billion Loan for Ecuador to Shore up Economy
The International Monetary Fund approved $2 billion to help Ecuador “restore macroeconomic stability and pursue the unfinished structural agenda”
The Tablet of Disgrace
“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…
Spotting Trends: ‘Bad Hombres’ in the News
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.
Correa, China y la Asamblea, Afectados por el Informe de la Deuda
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…
Lenín Moreno Wins Ecuador Election with Correa Support
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…
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Economic News
Ecuador Credit Talks Silent on Debts to History
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.
Dispatch from Quito: Coronavirus and La Cuarentena in Ecuador
I’ve watched the coronavirus crisis unfold from a quiet street in the suburbs of Quito
Greetings From Gringolandia
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…
Bailout Risk Grows for Ecuador After Worst Earthquake in Decades
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…
Latin America Oil Producers Call for Action to Improve Prices
Oil-producing countries must take the necessary steps to stabilize the global crude market in a bid to improve prices, Ecuador Foreign Minister
Venezuela Bonds Trapped by Oil’s New Normal as Relief Rally Ends
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…
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Latin American Markets
Eight Defaults and 180 Years Later, Ecuador to Repay Bondholders
Ecuador is poised to do something it’s never done in its more than 180-year history: repay a bond.
Andean News
Quitoloma: Commanding Sites in Forgotten Places
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…
Ecuador Quake Death Toll Rises as World Leaders Offer Support
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…
77-Year-Old Wall Street Favorite to Face Fujimori in Peru Runoff
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…
Everything Is Going Wrong in Ecuador
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,…
Pope Francis Brings Focus on Poor to South America
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…
Correa’s Back-Track on Tax Bills Fails to Halt Ecuador Protests
By Nathan Gill (Bloomberg) — Ecuador President Rafael Correa’s attempt to defuse nationwide protests by back-tracking on two controversial tax proposals failed to prevent opposition supporters marching for a ninth…
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