Daily coverage from across the country, written for the expat community
Results for “tax reform”Clear
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.
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.
Several indigenous organizations have announced a formal legal process to revoke President Daniel Noboa’s mandate, citing unfulfilled commitments and growing social discontent. The recall faces steep constitutional hurdles but signals deepening political tensions.
