Daily coverage from across the country, written for the expat community
Results for “reserves”Clear
The May 6 placement of $1 billion in bonds drew $7 billion in demand from 200 international investors. Country risk is at its lowest since 2014. Here's what it means for the economy.
The incoming Energy Minister inherits a five-front crisis: a 900+ MW power generation gap, record electricity demand of 5,374 MW, oil output at its lowest since 2003, and a dormant mining cadastre. Here's what that means for daily life.
Ecuador's riesgo país fell to 404 points on April 22, the lowest since 2015. GDP grew 3.7% in 2025, international reserves jumped 42%, and the IMF just disbursed another $394 million. Here's what the improving trajectory means for expats.
SEPS data shows 12 Ecuadorian credit cooperatives were liquidated in 2025, with two more in process in early 2026 (Incoop in Ambato, Cariamanga in Loja). The sector still serves 7.6 million users, but the expat habit of parking USD in a cooperativa deserves a second look.
Ecuador's Instituto Geofísico recorded three earthquakes in a 14-hour window across April 20-21, including a 5.2 magnitude quake centered near Cotacachi felt in nine provinces. No damage has been reported. A good moment to review preparedness.
Ecuador's social security pension system has more than doubled its retiree count since 2016 — to 840,456 — while contributing affiliates have stayed flat at 3.54 million. Pension spending hits $7.55 billion in 2026, contributions cover only $3.44 billion. The IESS is requesting $3.05 billion from the government and pulling $1.41 billion from reserves. Here's what's actually happening to Ecuador's pension system.
Economy Minister Sariha Moya presented Ecuador's fiscal efficiency formula at the IMF Spring Meetings in Washington on April 14. Her headline numbers: international reserves up from $3 billion to $11 billion, poverty down from 28% to 21% in 2025, and local-government payment delays cut by 85%. She credited the fuel subsidy phase-out that ran from June 2024 through September 2025.
WTI crude surged past $100/barrel in early April, driven by the Middle East conflict and Strait of Hormuz disruption. For Ecuador, it's a double-edged sword: oil exports bring in more revenue, but the fuel band system passes the pain directly to consumers at the pump.
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.
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.
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.
Executive Decree 348 temporarily reduces Ecuador's IVA from 15% to 8% for tourism services from April 3-5 during Semana Santa. The cut covers accommodation, food and beverage, tourist transport, travel agencies, and ecotourism operations.
