Services

NEWS FLASH

UPCOMING WEBINAR - PANAMA AND DOMINICAN REPUBLIC ELECTIONS OUTLOOK...

Learn More

COUNTRY INSIGHTS

On the way to the presidential election through Covid-19
ECUADOR · Forecast · 16 Jul 2020 · 1 response

Covid-19 hit Ecuador on March 15, when the government ordered a curfew that for most cities lasted more than 70 days. However, the Ecuadorian economy has been weak since 2019, when GDP closed with a dismal y/y change of 0.1%. In Q1 2020 it fell 2.1% q/q and 2.4% y/y – the worst declines since Q1 ...

Ecuador webinar featuring Magdalena Barreiro - On the road to the presidential election amid Covid-19 and debt renegotiations
ECUADOR · Report · 09 Jul 2020 · 2 responses

In our webinar, live from Quito, former Finance Minister Magdalena Barreiro discusses the impact of the coronavirus crisis on Ecuador’s macro, political and fiscal situation, as well as the latest developments in the ongoing debt renegotiations​.

The Ecuadorian economy opens to yellow light from red
ECUADOR · Report · 23 Jun 2020 · 2 responses

Ecuador started its lockdown in mid-March when the situation of Covid-19 in Guayaquil was catastrophic. Most cities have been closed for more than 70 days and some for more than 80 days – which has helped to control the pandemic but has taken a large toll on the economy. Official information s...

After much ordeal, fiscal bills are passed
ECUADOR · Report · 20 May 2020 · 2 responses

The National Assembly approved both the Humanitarian Bill and the Ordering of Public Finances Bill after days of hot debate and even within the request of Correistas and Social Christians to archive the second bill. While the approval of the Humanitarian Bill introduced major changes eliminating ...

Fighting to survive
ECUADOR · Forecast · 20 Apr 2020

The title of our most recent quarterly was "Year 2020: More of the same amidst a complicated political situation". We were not expecting Covid-19. Ecuador has been under strict norms of social isolation for over a month. A few economic sectors are continuing with varying levels of activity, but f...

GlobalSource Partners' Analyst Webinar Series: Ecuador update amid the coronavirus
ECUADOR · Report · 26 Mar 2020

Live from Quito, Magdalena Barreiro gives an update on Ecuador's response to the coronavirus pandemic and also provides an in-depth look at the country's financing needs and liquidity situation.

Emergency plan cut with a political scalpel
ECUADOR · Report · 17 Mar 2020 · 1 response

The government issued an emergency plan that expects to raise $2.26 million coming from a $1.4b reduction in expenditures in goods and services ($800 current and $600 capital), an increase of 0.75% in the retention of income tax ($420 million), a 5% one-time tax on vehicles above $20,000 ($220 mi...

Correa's chances for 2021 are still alive
ECUADOR · Report · 25 Feb 2020

The political party that supports Correa, Fuerza Compromiso Social, was able to maintain its electoral participation for 2021. Thus, even though Correa cannot run for president in the upcoming election, he could register his name for vice president. However, his chances are at odds with the ac...

Year 2020: More of the same amidst a complicated political context
ECUADOR · Forecast · 13 Jan 2020

The slowdown in the economy continued in Q3 2019 with scant growth of 0.1% q/q and a decrease of 0.1% y/y. With these results, 2019 GDP growth might confirm the negative 0.5% we expect, leaving an unsettling economic environment during an electoral year, when the government will have to continue ...

Stick and carrot
ECUADOR · Report · 24 Dec 2019

After the unsettling riots of last October, the Assembly has given stick and carrot to the government. First, a majority of over 70 votes denied the proposed economic bill sent by the Ministry of Finance as urgent at the beginning of November. Albeit there were political motives behind this den...

The government submits a new tax reform
ECUADOR · In Brief · 20 Nov 2019

Minister Martinez will be submitting today a new tax reform much leaner than the failed bill of last week. The new bill needs to have different proposals to be considered as new piece of legislation and be treated as urgent and be in effect next year. This reform if approved will help the governm...

Indigenous groups stronger, Moreno weaker
ECUADOR · Forecast · 18 Nov 2019 · 1 response

Despite a large national consensus regarding the complicity of the indigenous groups in the violent riots of last October, there is no doubt that they emerged stronger from the protests while Moreno and the government are now weaker than before. Democracy, if we believe is there one in Ecuador, e...

Government Capitulates and Eliminates Decree 883
ECUADOR · In Brief · 13 Oct 2019

After 12 days of violent confrontations, riots and several casualties, president Moreno held a negotiation meeting with CONAIE (Confederation of Indian Nationalities) in order to seek a solution to --what was already evident --an almost insoluble problem. The meeting counted with the mediation of...

Severe and Dangerous Protests after the Presidential Decision to Eliminate Subsidies
ECUADOR · In Brief · 08 Oct 2019 · 1 response

The last economic measures taken by President Moreno have been the root of violent protests in Ecuador. Albeit we expected social unrest, the level of violence we are witnessing on the streets and highways has no precedence, at least in the last decades. Social groups including the transportation...

Moreno’s economic knock out
ECUADOR · Report · 05 Oct 2019

Moreno took many by surprise announcing an elimination of fuel subsidies instead of the expected VAT increase requested by the IMF to comply with a 1.5% of GDP increase in revenues for next year.This measure needs no approval from the assembly and would render results starting this month if the g...

Copyright 2024 GlobalSource Partners. All rights reserved.