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Ecuador's government takes formal possession of the country's largest hydroelectric project today, ending a decade of refused acceptance over 17,661 documented fissures. China's PowerChina takes over operation and maintenance at $46M/year for 25 years. Here's what the deal contains and what it means for the country's power supply.
President Noboa said Ecuador would welcome US military troops to fight organized crime, provided they operate under Ecuadorian Armed Forces command. Joint operations are already underway, including Pacific naval exercises with the USS Nimitz and a border strike against Comandos de la Frontera.
After Colombia's President Petro asked Noboa to release former Vice President Jorge Glas during a meeting in the Galápagos, Ecuador's government pushed back hard — rejecting the 'political prisoners' framing and affirming that Glas is detained for corruption, not politics.
The IMF reached a staff-level agreement on the fifth review of Ecuador's $5 billion Extended Fund Facility on March 31. If approved by the Executive Board, Ecuador will receive a $394 million disbursement, bringing total draws to $3.33 billion -- 66% of the program.
A U.S. Army Corps of Engineers study warns that Coca River erosion could reach the 1,500 MW Coca Codo Sinclair hydroelectric plant's water intake by 2026. The plant provides roughly one-third of Ecuador's national electricity. Recent rains have improved reservoir levels, and a new 200 MW plant has come online.
An electoral judge suspended Citizens' Revolution (RC), former President Rafael Correa's party, for nine months — just two days after a complaint was filed and without a defense hearing. The timing effectively bars the party from registering candidates for 2027 local elections.
After devastating blackouts throughout 2024 and into 2025, Ecuador's electricity outlook is the most optimistic in over a year. Heavy rains have refilled major reservoirs, Mazar dam hit maximum capacity, and a new 200 MW plant is online. But risks remain.
Ecuador's Constitutional Court declared the Strategic Economic Cooperation Agreement (SECA) with South Korea constitutional, clearing the final legal hurdle. 98.8% of Ecuador's exportable products will enter Korea tariff-free, opening access to 51 million consumers.
In a CNN en Espanol interview on March 20, President Noboa defended Ecuador's commercial relationship with China while reaffirming the country's deepening military and diplomatic alliance with the United States.
Three diplomatic developments in a single week: Ecuador ratified a cooperation treaty with Europol on March 26, expelled the Cuban ambassador without explanation in early March, and hosted U.S. Homeland Security Secretary Kristi Noem on March 25-26.
Ecuador has expelled all Cuban diplomatic personnel after embassy staff were reportedly filmed burning documents in the courtyard of the Cuban Embassy in Quito. The move signals a sharp break in relations between the two countries.
Ecuador's Superintendency of Companies ordered an external administrator installed at Granasa, publisher of two of the country's largest newspapers, after the company refused to hand over internal legal records. The Inter-American Press Society called it 'an intimidating act' of indirect censorship.
