Tag: Ecuador

• 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.

• Tuesday, May 5th 2020 - 07:15 UTC

  COVID-19 collapses Ecuador: 30,000 confirmed cases and no certainty on death toll

  

  Ecuador on Monday exceeded 30,000 confirmed cases of the coronavirus, while the government launched a plan to start gradually relaxing quarantine measures that have been in place since mid-March. Ecuador has confirmed 31,881 cases of COVID-19, with 1,569 reported deaths and a further 1,336 deaths likely as a result of the virus.

• Tuesday, April 21st 2020 - 08:52 UTC

  Ecuador receives temporary reprieve to defer interest payments

  

  Ecuador received a temporary reprieve over the weekend when the government announced that a sufficient number of investors had agreed to a consent solicitation to defer interest payments.

• Saturday, April 18th 2020 - 08:56 UTC

  Overwhelmed by the pandemic, Ecuador on the cliff of a US$ 17bn default

  

  The coronavirus outbreak in Ecuador is increasing pressure on President Lenin Moreno to default on US$ 17 billion in debt and devote more resources toward fighting a pandemic that has left bodies in the streets of the nation’s largest city.

• Wednesday, April 15th 2020 - 13:00 UTC

  “A bomb” hit Ecuadorean city of Guayaquil: “no space for the living or the dead”

  

  Ecuador's economic capital Guayaquil is reeling from the most aggressive outbreak of COVID-19 in Latin America after the pandemic hit the city “like a bomb,” its mayor said. Cynthia Viteri has emerged from her own bout with the virus to battle the worst crisis the port city of nearly 3 million people has known in modern times.

• Saturday, April 4th 2020 - 08:36 UTC

  Ecuador's health system has collapsed: bodies of dead in the streets of Guayaquil

  

  The authorities in Ecuador have collected at least 150 bodies of people who died due to the coronavirus from the streets and homes of Guayaquil, the main port city in the country. The latest data reveals that there have been at least 3,100 have tested positive for COVID-19.

• Wednesday, February 12th 2020 - 08:36 UTC

  Ex Ecuadorean president and several ministers on trial for accepting millions of dollars in bribes

  

  Former President Rafael Correa went on trial before Ecuador’s highest court starting Monday on charges of campaign finance fraud and accepting millions of dollars in bribes.