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UPCOMING WEBINAR - CENTRAL AMERICA OUTLOOK: COSTA RICA, EL SALVADOR, GU...

100 Days to Celebrate
ECUADOR · Report · 15 Mar 2024

President Daniel Noboa can celebrate his first 100 days in office with an 80% acceptance of his mandate—the highest level of popularity enjoyed by an Ecuadorian president. He moved fast on the right track to partially contain the dangerous insecurity and violence situation of last January and to...

Fast track administration
ECUADOR · Report · 20 Feb 2024

President Noboa has sent four emergency bills to congress since November, when he took office. The first one, containing a mild tax reform that according to the government might help raise $700 million this year, was approved by the Assembly with few changes. The second, aimed at improving the si...

Active legislative week with positive results
ECUADOR · In Brief · 09 Feb 2024

After several weeks of discussions, agreements, and disagreements, there is finally a decision on the tax reform proposed by President Daniel Noboa to raise the VAT tax from 13% to 15%. His original proposal was not approved by the Assembly and after several debates, the plenary voted individuall...

State of war
ECUADOR · Report · 12 Jan 2024

President Noboa sent last night the third urgent economic bill, which has one purpose only: to raise the VAT from 12% to 15%. The rationale for the decision is the need to raise financing for expenditures associated with security and for the state of war dictated last Monday in response to nation...

Fiscal déjà vu
ECUADOR · Report · 15 Dec 2023

Last November the government had to resort to a loan from Corporacion Financiera Nacional to obtain $392 million to pay public sector salaries. This is an operation that is not at all clear as it is registered as bonds in the Central Bank. Such a situation was normal during the 1990s, but it seem...

RC, ADN and PSC share majority in CAL and Commissions
ECUADOR · In Brief · 20 Nov 2023

The government achieved what it was looking for with the political alliance that took place last week within the Assembly—control over the two main committees that decide the fate of the economically urgent bills that Noboa intends to make the axis of his government. They obtained four out of the...

In Ecuadorian politics you can fry snowballs
ECUADOR · In Brief · 13 Nov 2023

The ADN of Daniel Noboa has been able to reach an agreement with Revolucion Ciudadana and Partido Social Cristiano to conform a majority of 94 legislators.The Social Christians sum 18, and ADN contributes 25, after capturing additional 11 legislators. Albeit those names have not been disclosed ye...

Transition government: The political and economic landscape takes shape
ECUADOR · Report · 07 Nov 2023

President Daniel Noboa surprised everyone in New York with two statements aimed at convincing the markets and multilaterals of the need to support Ecuador with financing for its fiscal and social needs during the period of his mandate. However, these two statements could work in opposite directio...

The youngest president ever
ECUADOR · Forecast · 23 Oct 2023

Daniel Noboa, at 35, is the youngest candidate ever to win a presidential election in Ecuador. His performance in the first presidential debate raised votes from young people, and this together with a strong 50% vote against the Correistas, helped him to succeed. He is a businessman in charge of ...

Webinar replay - Ecuador: What to expect from the new government amid constraints
ECUADOR · Report · 20 Oct 2023

Get insight into how President-elect Daniel Noboa will attempt to solve Ecuador's current severe problems of insecurity, fiscal pressure, and the threat of a strong El Niño—all with the replay of our webinar, "Ecuador: What to expect from the new government amid constraints".

Ecuador Slide Presentation: What to expect from the new government amid constraints
ECUADOR · Report · 19 Oct 2023

Get insight into how President-elect Daniel Noboa will attempt to solve Ecuador's current severe problems of insecurity, fiscal pressure, and the threat of a strong El Niño—all with the slide presentation from our webinar, "Ecuador: What to expect from the new government amid constraints".

Transition government: Bridge over troubled waters
ECUADOR · Report · 25 Sep 2023 · 1 response

The president elected on October 15 will have to confront the problems of violence from organized crime and violence from nature. Experts have announced that El Niño this year will be stronger than in previous years, although not as extreme as those of 1982 and 1997. On the other hand, violenc...

An unexpected second runner-up
ECUADOR · Report · 28 Aug 2023

While the presidential outcome that placed Daniel Noboa in second place in the first-round presidential election came as a surprise to virtually every Ecuadorian, the results obtained in the Assembly and its distribution were in line with our expectations. Four blocs will represent close to ...

A second electoral round with a huge surprise
ECUADOR · In Brief · 20 Aug 2023

With around 75% of votes counted at national level, it is certain that Ecuadorians will go to vote in a second round in which Luisa Gonzalez and Daniel Noboa will be seeking the presidency of the country. While the 33% vote for Gonzalez were somewhat expected and represents the hard vote for the ...

Fernando Villavicencio has been murdered
ECUADOR · In Brief · 09 Aug 2023

Fernando Villavicencio, was a presidential candidate until today at 6 pm.  He was murdered with three bullets to his head perpetrated  by a hit person during a political meeting that was being held at an academic institution. He was the former head of the fiscalization committee in the Assembly a...