The latest INEC report shows the situation that citizens are going through. The National Institute of Statistics and Census (INEC) revealed that Ecuador reached the highest level of unemployment in the last three years. According […]
Citizens who have a postpaid mobile phone plan will have to pay 10% more. Once the Tax Simplicity and Progressivity Law was published in the Official Record on December 31, 2019, the new taxes became […]
«The daily distress of the Public Fund will have an uncertain climax in December, and will mark an unpleasant starting point in 2020, which will begin with large accounts payable.» To close the year, the […]
They explained that it would not be an increase, but an «incentive.» The Assistant Director-General of the Ecuadorian Social Security Institute (IESS), David Ruales announced that a “structural decision” to sustain the Fund in the […]
Ecuador is the only South American country -apart from Argentina- to have an IMF lending program in place. The International Monetary Fund (IMF) on Thursday approved a delayed loan for Ecuador, releasing nearly $500 million […]
The proforma budget for 2020 will have spending cuts in some entities and increases in resources in others. Once the 2020 Proforma Budget did not reach a consensus in the National Assembly, it will enter […]
It represents the second significant increase in salary after the arrival of Mexican President AMLO. Mexico’s minimum wage will increase 20 percent from January 1, 2020, rising from 102.68 pesos per day ($5.70) to 123.22 […]
«The objective of the project is to improve the economic integration of the southern and southeastern regions of Ecuador.» The Inter-American Development Bank (IDB) approved a new loan of USD 128 million for Ecuador, in […]
The loan «will support the regulatory quality and transparency of the business environment» in Ecuador. The Inter-American Development Bank (IDB) announced the approval of a USD 42 million loan to «improve competitiveness through the strengthening […]
Fernandez to IMF: “let’s discuss the time I need to get the economy back on track, but don’t give me more money.” Argentina’s elected President Alberto Fernández announced that he will not ask the International […]
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