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Ecuador's Interior Ministry reports a 28% decline in homicides for March 2026, alongside 4,300 arrests and 2,200 warrants executed. The numbers represent real progress, but the baseline is staggering: 2025 saw 9,216 homicides, making Ecuador one of the deadliest countries in Latin America.
Ecuador's online-only visa system, mandatory since December 15, 2025, has pushed processing times to 4-5 months across most visa categories. Pensioner and Rentista visas now require $1,458/month in income, Digital Nomad $1,446/month, and Investment visas $48,200 in capital. Paper applications are no longer accepted.
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.
Ecuador shipped 125,200 tonnes of shrimp in January 2026, a 23% increase year-over-year. China remains the top buyer at 49.5% of volume, though its share has declined from 54.2% in 2024. The industry projects a 15% increase for the full year.
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.
Ecuador and the United States signed a bilateral trade agreement on March 18 granting tariff-free access for 53% of Ecuador's non-oil exports, worth $2.786 billion. The deal covers 1,673 tariff subheadings including bananas, shrimp, cocoa, coffee, and flowers.
Ecuador's economy is projected to grow approximately 2% in 2026 with inflation holding near 1.5%. Country risk stands at 460 basis points. Here is what the numbers mean for expats living on dollar-denominated income in a dollarized economy.
Ecuador has signed a Safe Third Country agreement with the United States, accepting deportation flights carrying over 4,700 non-Ecuadorian nationals from at least 16 different countries. The agreement makes Ecuador a receiving country for asylum seekers and migrants removed from the U.S.
The United States and Ecuador formally signed their Agreement on Reciprocal Trade on March 13, 2026, cutting tariffs on 53% of non-oil exports worth $2.8 billion. Key sectors including bananas, shrimp, cocoa, coffee, and flowers get preferential access, while Ecuador eliminates its price band system on U.S. agricultural imports.
President Noboa's executive decree MDT.2026-059 allows employers to schedule 10-hour workdays within the existing 40-hour weekly cap. Unions were not consulted, and mass protests erupted on March 13 in Quito and Guayaquil. Noboa's approval rating has dropped to 38%.
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.
