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Results for “fiscal policy”Clear
January 2026 crude production hit 466,400 bbl/d, down 1.8% year-over-year and 13% below a decade ago. Illegal pipeline taps surged from 36 in 2022 to 770 in 2024, costing $100 million annually. Ecuador needs 550,000 bbl/d just to cover basic fiscal needs.
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.
Ecuarunari's new president Leonidas Iza announced that indigenous organizations will formally pursue a mandate revocation against President Daniel Noboa, citing broken promises and growing social discontent. The constitutional process requires over two million signatures and cannot begin until May 2026.
