Daily coverage from across the country, written for the expat community
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Ecuador's tax agency eliminated the 2.75% withholding rate and introduced new rates including a 5% tariff and 2% withholding on credit cards, insurance, and leasing. Plus: individual income tax declarations are due this month.
Ecuador's housing market is pulling in different directions — rents are rising faster than sale prices, the construction sector is growing 4.1%, and affordability is becoming a concern in popular expat areas. Here's where things stand.
Canadian mining giant Lundin Gold announced a $100 million exploration budget for 2026, targeting 133,000 meters of drilling across its concessions in Zamora Chinchipe province. The investment aims to extend the life of its flagship Fruta del Norte gold mine as gold prices surge toward record highs.
Ecuador's 60-day state of emergency declared January 1 has been extended for an additional 30 days across nine provinces and three municipalities. With a record 9,000 homicides in 2025, President Noboa is doubling down on military deployments as the country remains in a declared state of 'internal armed conflict.'
Cuenca has become the third Ecuadorian city to adopt a formal climate action plan, covering electric bus deployment and water source protection. Bloomberg Philanthropies has awarded the city $150,000 for youth-led environmental projects as Cuenca enters 2026 under a dramatically different hydrological reality.
Ecuador's rental market is tightening sharply in Cuenca, Quito, and Guayaquil, with rising demand from both locals and expats pushing monthly rates higher. Meanwhile, property sale prices are firming up after years of stagnation, with condos and gated communities in highest demand.
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%.
Ecuador’s Interior Minister announced that the La Roca maximum-security prison in Guayaquil will be repurposed exclusively for female inmates within four weeks, while construction on a massive new 15,000-bed prison facility begins at the end of Q1.
Repeated wave surges have flooded condo lobbies, destroyed sea walls, and damaged vehicles in Salinas and Punta Blanca. Experts warn that sea levels have risen 39 centimeters since the 1970s — and the worst is yet to come.
President Noboa announced Friday that the national government will operate from Guayaquil for several weeks, with the National Police high command relocating as well. The move comes two days after the arrest of Guayaquil’s mayor and amid record violence that made Ecuador the world’s most dangerous country in 2025.
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.
An 'urgent' efficiency law working through the National Assembly would force Quito to slash current spending and could eliminate 5,000 municipal positions. Mental health services, community dining, animal welfare programs, and even Metro expansion plans are on the chopping block.
