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Montevideo, June 1st 2023 - 21:58 UTC

Tag: Ecuador

  • Wednesday, May 31st 2023 - 10:00 UTC

    Businessman to run for Ecuador's presidency

    Maruri helped write the new Constitution in 2007

    Ecuadorian businessman Eduardo Maruri will run in the Aug. 20 snap elections called in his country after President Guillermo Lasso enacted the so-called “crossed death” mechanism earlier this month dissolving the National Assembly and ruling by decree until 137 new lawmakers and a new President and Vice President are chosen to hold those positions for terms ending in May 2025.

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  • Monday, May 29th 2023 - 10:12 UTC

    New strain of Covid-19 virus detected in Ecuador

    The new variant has already been identified in other Latin American countries such as Guatemala, Chile and Brazil.

    Ecuadorian authorities have reported the appearance of a new strain of SARS-CoV-2 in the South American country and upped the biosecurity measures in force accordingly, it was announced during the weekend by the National Institute of Public Health Research (INSPI) in Quito, where the asymptomatic patient is.

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  • Wednesday, May 24th 2023 - 10:19 UTC

    Ecuador: President signs decree-law attracting investments

    After Wednesday's Report to the Nation, Lasso will travel to the US for a medical procedure

    Ecuadorian President Guillermo Lasso Tuesday signed his second urgent economic decree-law after the May 17 invoking of the crossed death constitutional procedure to dissolve Congress and call for snap elections. Tuesday's “Attraction and Promotion of Investments for Productive Development” initiative, which provides for the creation of new duty-free trade zones, needs Constitutional Court's approval to become effective. The bill was submitted two years ago by the Government of Ecuador to the outgoing National Assembly, but it was shelved.

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  • Friday, May 19th 2023 - 10:06 UTC

    Ecuador's elections to be set for Aug. 20?

    In the meantime, Lasso will try “to do in six months what we had planned to do in two years.”

    Ecuador's National Electoral Council (CNE) President Diana Atamaint Thursday said the snap elections could be held on Aug. 20 with a possible runoff on Oct. 15, it was reported in Quito.

  • Thursday, May 18th 2023 - 11:03 UTC

    Ecuador: President Lasso dissolves Parliament, calls for early elections

    Lasso, 67, took office on May 24, 2021, for a four-year term

    Ecuadorian President Guillermo Lasso has dissolved his country's Parliament -which was trying to impeach him out of office- and called for early elections by resorting to a procedure outlined in the Constitution, it was reported in Quito. In the meantime, Lassso will run the country through Constitutional Court monitored decrees.

  • Wednesday, May 17th 2023 - 10:48 UTC

    Lasso insists his impeachment is “unfounded”

    Lasso regretted that the impeachment trial has involved “months lost in unproductive fights and clueless investigations.”

    Ecuadorian President Guillermo Lasso Tuesday insisted during his appearance before the National Assembly that his impeachment for alleged embezzlement was groundless and that opposition lawmakers “have created a fictitious situation that does not solve the problems of the people or of anyone.”

  • Tuesday, May 16th 2023 - 10:39 UTC

    OAS wants Ecuador to offer Lasso a due process

    Lasso is going through a moment of political weakness after losing the Feb. 5 referendum

    As Ecuador's Parliament prepares to cross-examine President Guillermo Lasso Tuesday during his impeachment trial, the Organization of American States (OAS) Monday called for all guarantees of due process to be offered to the head of state.

  • Friday, May 12th 2023 - 10:16 UTC

    Ecuador and China reach FTA

    The deal “puts Ecuador on the map of Asia,” Prado said

    Ecuador and China signed a free trade agreement (FTA) whereby the South American country will have access to a market of 1.4 billion people, it was reported in Quito on Wednesday. It was the second such pact signed under the administration of President Guillermo Lasso, following the one reached with Costa Rica.

  • Wednesday, May 10th 2023 - 10:07 UTC

    Ecuador: Congress to move on with President's impeachment trial

    It will be the first time in 44 years of democratic life in Ecuador that a president will face a possible impeachment

    Ecuador's President Guillermo Lasso might be removed from office after the National Assembly approved Tuesday by 88 votes in favor of a motion to call for his impeachment for the alleged crime of misappropriation of public funds, it was reported in Quito.

  • Saturday, May 6th 2023 - 11:16 UTC

    Ecuador bonds in debt for nature swap includes promise to upgrade Galapagos Islands conservation

    With Ecuador in severe financial turmoil, the bonds were trading well below face value as investors considered non-repayment to be likely

    In a debt for nature swap, Credit Suisse has announced buying Ecuadorian bonds worth US$1.6 billion. With Ecuador in severe financial turmoil, the bonds were trading well below face value as investors considered non-repayment to be likely. Effectively, Ecuador has now bought its own debt back at a knock-down price via a fresh loan from Credit Suisse.