Tag: Ecuador

• Thursday, July 30th 2020 - 09:05 UTC

  Ecuador fishery resources threatened by a fleet of 260 Chinese vessels

  

  Ecuador is on alert due to the appearance of a huge fleet of mostly Chinese-flagged fishing vessels off its Galapagos Islands. Patrols are trying to ensure the fleet - which is made up of around 260 vessels - does not enter the delicate eco-system from international waters.

• Friday, July 24th 2020 - 09:05 UTC

  Ecuador promotes mining but with stricter regulation for waste dams

  

  Ecuador unveiled new, tighter regulations for the design and construction of mining waste dams, seeking to avoid disasters like the tailings dam collapse that killed hundreds at a Vale site in Brazil last year.

• Wednesday, July 22nd 2020 - 08:01 UTC

  Health officials admit Ecuadorean public hospitals and ICUs situation is critical

  

  The situation in the Ecuadoran capital Quito is critical due to the coronavirus epidemic Health Minister Juan Carlos Zevallos warned. Between April and July, public hospitals in Quito - home to 2.78 million - expanded their intensive care units from 61 to 162, Zevallos said in a nightly interview with the Teleamazonas network.

• Tuesday, July 21st 2020 - 08:45 UTC

  Ecuador closer to reach a US$ 17,4bn debt overhaul agreement with bondholders

  

  Ecuador pushed forward with its debt overhaul plans on Monday, requesting a vote among its creditors on reconfiguring the terms of US$ 17.4 billion of its external bonds, with its largest group of creditors backing the proposal.

• Wednesday, July 15th 2020 - 08:56 UTC

  Ecuador's US$ 17,4bn debt restructuring plan faces divided bondholders

  

  Ecuador’s government will likely have to sweeten its offer to creditors in order to reach an agreement to restructure US$ 17.4 billion in bonds, say analysts. The government’s proposal already has the backing of one group of creditors, holding around half of the bonds and including AllianceBernstein, Ashmore and BlackRock.

• Friday, June 5th 2020 - 08:25 UTC

  Ecuador sovereign bond holders form a committee to begin negotiations

  

  Holders of Ecuador sovereign bonds have formed a committee to hold talks with the country's government on a potential re-profiling of the country's external debt, the group said in a statement on Thursday.

• Wednesday, May 27th 2020 - 08:17 UTC

  Desperate Ecuadoreans look for their loved ones in shipping containers filled with decomposing corpses

  

  Guayaquil, Ecuador’s largest coastal city has been ravaged by coronavirus with bodies buried in mass graves or kept in newly-filled shipping containers to help relatives identify their loved ones among the decomposing corpses.

• Tuesday, May 26th 2020 - 07:55 UTC

  Street demonstrations in Ecuador to protests drastic economic measures

  

  Demonstrators defied coronavirus restrictions to march in cities across Ecuador on Monday in protest against President Lenin Moreno's drastic economic measures to tackle the crisis.

• Tuesday, May 19th 2020 - 08:42 UTC

  LATAM Chile, Colombia, Ecuador, Peru to lay off 1,400 workers

  

  LATAM Airlines Group, the largest airline conglomerate in Latin America, announced it will lay off 1,400 workers from its branches in Chile, Colombia, Ecuador, and Peru. The news was confirmed by the company on May 15, after Reuters released an internal video where LATAM CEO Roberto Alvo announced the measures to its employees.

• Friday, May 8th 2020 - 08:49 UTC

  World Bank US$ 500 million loan to help Ecuador cover budget needs

  

  The World Bank Board of Directors approved a flexible US$500 million loan to help cover Ecuador's budget needs during the Covid-19 emergency and to promote economic recovery. The loan is the second in a series of three Development Policy Financing (DPF) operations. The first loan of this series was disbursed in June 2019. The operation has been adapted to the current context and to the country’s needs during the pandemic.