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MercoPress, en Español

Montevideo, April 19th 2024 - 09:11 UTC

Tag: Ecuador

  • 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.

  • Thursday, May 4th 2023 - 10:36 UTC

    Ecuador's Armed Forces ordered to carry out immediate operations against terrorism

    Lasso blames drug trafficking for the increase in crime and violence

    Ecuadorian President Guillermo Lasso Wednesday issued an executive decree ordering the Armed Forces to carry out immediate operations nationwide to confront and counteract “terrorist” individuals and organizations, it was announced.

  • Wednesday, May 3rd 2023 - 10:22 UTC

    Quito Metro does not run smoothly on first day of commercial service

    Quito Mayor Santiago Guarderas acknowledged that there were some inconveniences

    Ecuadoreans stood in long lines Tuesday to buy tickets for the first day of commercial services by Quito's new underground railway system, it was reported. The Quito Metro had been performing free-of-charge test rides for the past four months.

  • Monday, May 1st 2023 - 09:50 UTC

    Shooting leaves at least 10 dead in Ecuador

    The victims were watching a football game when they were opened fire against

    According to the Office of Ecuador's Attorney General, at least ten people were killed and two others were injured in an attack on Saturday evening in Guayaquil.

  • Saturday, April 29th 2023 - 10:39 UTC

    Drug trafficking gangs labeled as “terrorists” by Ecuador's gov't

    Lasso's decision allows for direct military intervention

    Ecuadorian gangs linked to drug trafficking have been likened to “terrorists” by the administration of President Guillermo Lasso in a move to curb the escalating violence, it was reported. The decision was taken after a State and Public Security Council (Cosepe) meeting.

  • Thursday, April 20th 2023 - 10:11 UTC

    Arrest of former Ecuadorian President Lenín Moreno requested

    Moreno travels in a wheelchair and refused to travel from Asunción to Quito citing health issues

    Ecuadorian prosecutors Wednesday requested the pre-trial arrest of former President Lenín Moreno after the latter failed to appear before the courts as mandated in the Sinohydro corruption case, in which he is said to have accepted bribes for the construction of the country's largest hydroelectric plant.

  • Sunday, April 16th 2023 - 11:42 UTC

    Ecuador prison violence: 12 inmates killed in gunfight

    “We are in the worst moment of the violence crisis in the country,” Zapata said

    A new episode of violence has left at least another 12 inmates dead after gunfights at the Guayaquil El Litoral jailhouse, it was reported Saturday. It was the second massacre within the same week at that infamous prison involving rival gangs clashing over drug trafficking territorial control.

  • Thursday, April 13th 2023 - 11:05 UTC

    Six inmates found dead at infamous Ecuadorian prison

    The Litoral Penitentiary is considered one of the most violent in the country. It mainly houses drug gang leaders

    Six inmates were found dead hanging from their necks inside their cells at the infamous Ecuadorian prison of El Litoral in Guayaquil, the South American country's National Service of Attention to Persons Deprived of Liberty (SNAI) reported Wednesday.

  • Wednesday, April 12th 2023 - 11:04 UTC

    At least 9 killed in Ecuadorian port massacre

    The attack would have been the work of an organized armed group opposed to another that apparently provided protection to the fishermen, Zapata explained

    At least nine people were killed following an assault on the Ecuadorian Artisanal Fishing Port of Esmeraldas Tuesday morning by a group of 30 heavily-armed militias who arrived in two boats and a cab and then left by sea. The perpetrators are still unaccounted for, it was reported.

  • Thursday, March 30th 2023 - 10:40 UTC

    Ecuador's Constitutional Court gives nod to President Lasso's impeachment

    The embezzlement were properly founded, the Court ruled.

    Ecuador's Constitutional Court (CC) Wednesday ruled by 6 votes to 3 that the impeachment of President Guillermo Lasso for his alleged involvement in acts of corruption was “admissible.” For a president to be removed from office, 92 votes of the 137 Ecuadorian assembly members are required. The CC also rejected “two accusations related to the alleged crime of extortion” and allowed only the embezzlement allegations to proceed.