United States v. Nilsen Arias Sandoval
By N. H. Gill(Oct. 25, 2022) — On Oct. 25, 2022, 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. Sandoval allegedly “accepted and…
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
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”
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.
Latin American Markets
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
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 the largest pre-Colombian military site in the Americas.