Daily coverage from across the country, written for the expat community
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Ecuador's International Artisan Biennial has activated across four host cities, showcasing traditional and contemporary craftsmanship. The event coincides with Cuenca's Foundation Week and features exhibitions, live demonstrations, and direct-purchase opportunities from artisans.
Ecuador's monthly fuel price adjustment takes effect April 12, raising prices on low-octane gasoline (Extra and Ecopais) and diesel. Super gasoline stays the same. The change pushes up transport costs and adds inflationary pressure to groceries and services.
Amid confusion over Ecuador's IVA reclassification, the SRI has clarified that 94 out of 115 basic basket food items remain at 0% IVA. Fresh milk, raw meats, unprocessed produce, rice, lentils, and legumes are all tax-free. 21 items have moved to 15%. Here is what stays exempt -- and what this means for your grocery budget.
President Noboa signed a decree suspending work on April 30, creating a 4-day weekend alongside May 1 (Labor Day). Banks, government offices, and many businesses will close April 30 through May 3. Expect heavy domestic travel, booked hotels, and coastal congestion.
Police in Guayaquil dismantled a massive phone theft operation involving 25,000 stolen devices valued at over $3 million. Authorities recovered approximately 30% of the phones through device tracking. The scale reveals how organized phone theft has become -- and why basic security practices matter for every resident.
Ecuador's SRI issued a circular on March 26 reclassifying over 60 processed food products from 0% to 15% IVA. Lactose-free milk, all bread and pastries, instant noodles, and pre-cooked meats are now taxed. Fresh natural milk and raw unprocessed foods remain at 0%. The change directly impacts grocery costs for residents.
Ecuador became the first Latin American country to sign a security cooperation agreement with Europol, the European Union's law enforcement agency. Published in the Official Register on March 30, the deal enables joint operations against transnational organized crime and has already produced results -- including the dismantling of a cocaine network tied to Los Lobos and Albanian criminal organizations.
Police K-9 units intercepted nearly 22,000 dried shark fins weighing 1,905 kilograms at Guayaquil's Jose Joaquin de Olmedo International Airport on April 2. The shipment -- 75 bundles disguised as fish bladders -- was bound for Kuala Lumpur, Malaysia. It is one of Ecuador's largest shark fin seizures in recent years.
Friday April 3 is a mandatory national holiday in Ecuador. Banks are closed through Sunday, government offices shut down, but supermarkets and pharmacies stay open. President Noboa's VAT reduction to 8% on tourism services kicks in for the long weekend.
Ecuador returned to international capital markets in January 2026 for the first time since its 2020 debt restructuring, selling $4 billion in sovereign bonds across two tranches. The move included a $3 billion debt buy-back and sent country risk plummeting from over 2,000 points to 460.
The European Commission concluded negotiations on a Sustainable Investment Facilitation Agreement (SIFA) with Ecuador -- the EU's first such deal with any Latin American country. The agreement focuses on streamlining investment authorizations, improving transparency, and includes a first-of-its-kind annex on sustainable energy and raw materials.
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.
