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Ecuador's National Assembly passed a new mining and energy law 77-70 on February 26, replacing environmental licenses with simplified authorizations and allowing rock extraction in the Galapagos Islands. CONAIE and environmental groups are protesting the changes as a rollback of decades of conservation policy.
Ecuador's Ministry of Public Health has launched dengue prevention interventions across 1,500 critical sectors in seven provinces, with 945 confirmed cases reported in early 2026. Sucumbios, Guayas, Esmeraldas, and Pichincha are the hardest hit as the rainy season continues.
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.
A magnitude 4.1 earthquake struck near the Ecuador-Peru border at 3:30 AM on April 2, with an epicenter 44.91 km from Macara in Loja province at a depth of 63 km. No damage or injuries have been reported.
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.
The World Bank forecasts Ecuador's economy will grow just 2% in 2026, among the lowest rates in Latin America. A fiscal deficit of 3-4% of GDP, expiring security contributions, weakening oil receipts, and likely tax reform paint a challenging picture.
Ecuador is positioned to become the world's second-largest cocoa grower behind Cote d'Ivoire. Anecacao projects exports exceeding 623,000 metric tons in 2026, up from 375,720 MT in 2023. The country is targeting 800,000 MT by the end of the decade.
The Development Bank of Latin America (CAF) signed a $42 million loan agreement with Cuenca for urban infrastructure development -- one of the largest multilateral financing packages for an Ecuadorian city outside Quito and Guayaquil. The investment comes as Cuenca faces mounting infrastructure strain from flooding and aging utility systems.
Ecuador's tax authority SRI has implemented new withholding rates effective March 1 under resolution NAC-DGERCGC26-00000009. The 2.75% rate has been eliminated and replaced with a 5% bracket, and the default withholding rate has increased to 3%.
