Tag: Ecuador

Saturday, March 23rd 2019 - 07:31 UTC
Seven countries have launched the Forum for Progress of South America

South American countries on Friday launched the Forum for the Progress of South America (Prosur), a new regional bloc which seeks the “integration and strengthening of the region.”
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Wednesday, March 20th 2019 - 21:13 UTC
President of Uruguay criticizes Prosur for “generating another integration with ideological purpose”

Uruguayan President Tabaré Vázquez questioned on Thursday the Colombian-Chilean initiative to create a new integration bloc to replace the Union of South American Nations (UNASUR) and argued that the region has a number of integration processes that collide and they become inefficient.
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Monday, February 25th 2019 - 09:09 UTC
Ecuador reaches an agreement with IMF and will receive US$ 4.2 billion

Ecuador and the International Monetary Fund (IMF) staff have reached an agreement on a set of policies to underpin a US$4.2 billion (435% of quota and SDR3.035 billion) arrangement under the IMF’s Extended Fund Facility (EFF). This arrangement, which is subject to IMF Executive Board approval, would provide support for the Ecuadorian government’s economic policies over the next three years.
Friday, February 22nd 2019 - 10:01 UTC
Rare giant tortoise surfaces in the Galapagos Islands after a century

Conservationists in the Galapagos Islands have found a giant tortoise from a species thought to have become extinct more than a century ago. The adult female tortoise was found on the island of Fernandina in the west of the Pacific archipelago and is believed to be a Fernandina Giant Tortoise, also known as Chelonoidis phantasticus, a species last sighted in 1906.
Wednesday, January 30th 2019 - 09:33 UTC
Ecuador issues 10-year sovereign bonds at 10.75% yield

Ecuador’s finance ministry said it had placed about US$1 billion in 10-year sovereign bonds in the international market. Proceeds from the 10.75% bonds will be used to strengthen the country’s reserves and help fund this year’s budget which has financing needs of about US$ 8 billion, the ministry said in a statement.
Monday, January 28th 2019 - 09:09 UTC
Ecuador planning IMF support to balance the budget and implement reforms

Ecuador may use financing from the International Monetary Fund (IMF) to balance its budget, as the South American country seeks to reduce a swollen fiscal deficit and its international debt, the finance minister admitted on Friday.
Saturday, December 22nd 2018 - 15:31 UTC
Ex FARC still active guerrilla leader Guacho shot dead by Colombian forces

Walter Patricio Arizala, a.k.a. “Guacho,” the FARC dissident behind the kidnapping and murder of three journalists from Quito's El Comercio newspaper, died Friday during an operation of the Colombian security forces in the jungle of Llorente, in the Tumaco municipality of the south-western department of Nariño, near the border with Ecuador, President Iván Duque announced.
Wednesday, December 12th 2018 - 10:29 UTC
Otto Sonnenholzner becomes Ecuador's new vicepresident with 94 Assembly votes

The Guayaquil-born Otto Sonnenholzner Sper took office on Tuesday as Vice-president of Ecuador, after being chosen by the National Assembly from a shortlist put forward by President Lenin Moreno.
Friday, December 7th 2018 - 14:52 UTC
Ecuadorian President Lenín Moreno asks Assange to leave London embassy

After the United Kingdom has guaranteed that the founder of Wikileaks will not be extradited to the US, President Lenín Moreno invited Julian Assange to leave Ecuador's embassy in London, because his time of asylum in the diplomatic building after six years is about to run out.
Wednesday, December 5th 2018 - 09:24 UTC
Ecuadorean vice president resigns following allegations of illegal funding

Ecuador's Vice President Maria Vicuna announced her resignation on Tuesday, one day after President Lenin Moreno relieved her of duties amid an investigation into payments she received as a legislator years ago.