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.”Add your comment!
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.Add your comment!
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.
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.
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.
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.
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.
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.
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.
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.