Ecuador’s Correa Calls For Regional Monetary System
Comments OffEcuador’s President Rafael Correa on Monday called for the fledgling Union of South American Nations, or Unasur, to negotiate a regional monetary agreement and to move ahead with establishing a new multilateral lending agency.
Earlier Monday, Ecuador took over the rotating presidency of the group, which is made up of Argentina, Bolivia, Brazil, Colombia, Chile, [...]
Ecuador To Receive $480 Million FLAR Loan On Monday
Comments OffEcuador will receive next Monday a $480 million loan from the Latin America Reserve Fund, or FLAR, to finance public projects, the Central Bank said Wednesday.
The contract for the credit was signed Wednesday in Bogota by Ecuador Finance Minister Maria Elsa Viteri, Central Bank general manager Karina Saenz and FLAR officials.
The Central Bank said in [...]
Obama decision puts Ecuador on notice – US groups
Comments OffPresident Barack Obama has put Ecuador on notice that it could lose valuable U.S. trade benefits unless the Andean country improves its treatment of foreign investors, U.S. business groups said on Wednesday.
Although Obama decided on Tuesday to extend Ecuador’s trade benefits for six months, the concerns raised in a report he sent to Congress suggests [...]
ECUADOR: Chevron's Amazon 'fake cleanup' trial
A report submitted this week to a court in Ecuador finding dangerous levels of contamination at oil wells Chevron says it cleaned up in the 1990s is expected to reinforce a fraud indictment against two Chevron lawyers in a $27.3 billion environmental lawsuit against the oil company.
Seven Ecuadorian officials were also included in the indictment [...]
Requirements to live in Ecuador
Ecuador is definitely an ideal place to live or to stay for along time. A small country but one with great diversity for traveling and being able to reach places in just a few hours. Prices are relatively cheap, thousands of activities and the friendliness of its people will make you enjoy your stay. However, [...]
