Breaking news, politics, economy, visas, safety, and lifestyle updates for expats living in Ecuador.
The Superintendencia de Bancos just published a list of 14 unlicensed organizations illegally collecting money from the public. They promise high returns in short timeframes. Last year alone, 60 similar entities were detected.
Ecuador's tariff on Colombian goods jumps from 50% to 100% on May 1, effectively shutting down $2 billion in annual trade. Truck traffic at Rumichaca has already dropped to 30-40% of normal. Sugar, medical supplies, and medications are all on the list.
Prosecutors raided CNEL offices across three provinces after the Energy Minister revealed a decade-long billing manipulation scheme affecting 400,000+ accounts. Officials allegedly cut invoices by 80% in exchange for bribes.
President Noboa signed Decreto 368 cutting the tourism IVA from 15% to 8% for the May Day long weekend (April 30–May 3). Hotels, restaurants, car rentals, and travel agencies all qualify. Here's how it works.
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.
The Cangrejos project, ranked 13th among the world's largest undeveloped gold deposits, gets a 26-year exploitation contract. Chinese-backed Odin Mining will invest $1.6 billion and generate 1,168 jobs. The government expects $6 billion in total revenue.
The math: 30 years of contributions at minimum wage gets you $361/month. Forty years gets you the full $482. IESS uses your five best earning years, not your last salary. Here's the complete breakdown.
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.
Pizza Hut Ecuador has new ownership. In a market where over 706,000 pizzas moved through PedidosYa in 2025 alone, the competitive landscape looks meaningfully different than it does in the U.S. Here's who's actually on the board.
Two bills moving through Ecuador's Assembly would redirect a 0.5% employer payroll contribution — currently flowing through IESS — to fund the Secap professional training agency. If you run an Ecuadorian business or employ anyone locally, this changes the math.
Coastal residents report electricity bills climbing from $80 to $155, $126 to $400, and $130 to $280 in a single cycle. President Noboa announced a subsidy covering up to 180 kWh per household in heat-affected zones, worth roughly $20 per bill, appearing on May statements.
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.
