Daily coverage from across the country, written for the expat community
Colombia suspended electricity sales to Ecuador and imposed retaliatory tariffs after Ecuador slapped a 30% 'security tariff' on Colombian goods. With Ecuador's grid 79% dependent on hydroelectric power, the loss of Colombian energy imports raises the specter of the devastating 2024 blackouts.
Ecuador's Carnival holiday weekend delivered a record tourism boost: $81.9 million in revenue, 1.28 million domestic trips, and hotel occupancy of nearly 50% — while the government temporarily slashed VAT on tourism services from 15% to 8%.
The International Monetary Fund reports Ecuador is 'recovering much faster than anticipated' from the devastating 2024 blackout crisis. Inflation is forecast at just 1.5% for 2026 — among the lowest in Latin America — though housing costs spiked 16.97%.
Informal moneylenders continue to charge usurious interest rates in Loja’s market economy despite government programs offering subsidized microloans — a problem that traps local vendors in debt cycles and affects the cost of goods for everyone, expats included.
Manabí province’s two largest cities generated $20.5 million in tourism revenue during the four-day Carnival holiday, with Manta recording 90% hotel occupancy and the Mariana Fest alone drawing 60,000 people to El Murciélago beach.
Israeli Foreign Minister Gideon Saar is visiting Ecuador as part of a broader Latin American diplomatic push, with negotiations beginning on a trade agreement and expanded security cooperation including surveillance technology and agricultural innovation.
Ecuador's Constitutional Court has determined that the trade agreement negotiated with South Korea requires a full legislative vote before ratification — a higher procedural bar than the recently concluded U.S. deal.
Lonely Planet's Best in Travel 2026 features horseback riding among Ecuador's chagra cowboys near Volcán Cotopaxi as one of 25 must-do experiences worldwide. The recognition comes as tourism numbers approach pre-pandemic levels and Cuenca rents climb 20% in central neighborhoods.
Ecuador’s largest gold mine exported a record $1.8 billion in 2025 — a 51% jump from the prior year — as gold prices topped $5,000 per ounce for the first time. Lundin Gold just announced $100 million in new exploration spending and discovered a fifth copper-gold deposit, signaling the mining boom is just getting started.
Ecuador’s annual inflation rate hit a 20-month high in January 2026, driven almost entirely by a 20.79% spike in housing and utility costs after the government ended electricity and diesel subsidies. Food prices are rising too — plantains have roughly doubled, and the basic family basket now costs $822 a month.
Washington and Quito have 'substantially concluded' negotiations on a reciprocal trade agreement set to be signed in coming weeks. But Ecuador's biggest non-oil export to the U.S. — shrimp worth $2 billion a year — may not get the tariff relief the industry needs to survive.
Ecuador's tax authority is sending notifications to taxpayers with unfiled income tax declarations from previous years — some going back to 2019. Recipients have just 10 business days to respond, and the SRI's seven-year review window means old oversights can surface without warning.
