Chevron's Views
And Opinions On
The Ecuador Lawsuit.

Ecuador Political News

Read the latest political news out of Ecuador including new and ongoing issues, the political system, and the president of Ecuador Rafael Correa.

February 27, 2019

Report concludes that there was political persecution in Correa’s government – Ecuador Times

The Bureau for Truth and Justice, formed to collect cases of political persecution of the regime of former President Rafael Correa, concluded that the former president and officials of that government used justice to persecute opponents and criminalize social protest.

February 27, 2019

After Correa, Ecuador’s Moreno Is Struggling to Offer His Own Vision – America’s Quarterly

Last week, nearing the completion of his second year as Ecuador’s president, Lenín Moreno used the announcement of a $4.2 billion IMF deal (in addition to a $6 billion package from multilateral lenders, including the World Bank) to proudly emphasize what he considered the greatest achievement of his presidency to date: “Thanks to the firm decisions I have made, we are not what Venezuela is today … We have recovered democracy,” Moreno said in a televised address.

February 21, 2019

Ecuador inks $4.2 billion financing deal with IMF: Moreno – Reuters

Ecuador has reached a $4.2 billion staff-level financing deal with the International Monetary Fund (IMF), President Lenin Moreno said on Wednesday, as the Andean country grapples with a large fiscal deficit and heavy external debt.

February 20, 2019

Ecuador: Movements Demand President Recall, Allege Corruption – teleSUR

The Ecuadorean movement Citizen Revolution (RC) gave on Tuesday a press conference led by former Foreign Affairs Minister Ricardo Patiño, to launch a recall process against the Ecuadorean president, after “denouncing a corruption plot that involves President Lenin Moreno and his family.”

February 14, 2019

Ecuador, IMF Launch Formal Talks on Possible Financial Bailout – The Wall Street Journal

The International Monetary Fund and the government of Ecuador have launched formal talks about a potential financial bailout for the South American country, which needs funds to cover a budget deficit and pay debt holders.

February 13, 2019

Citizen Participation Council calls for Correa’s linkage in the case of the Pacific refinery – Ecuador Times

“We have come to present documents that justify our complaint for the biggest robbery against the economy of the country.” With those words, Julio César Trujillo, head of the transitory Citizen Participation Council, was presented today, February 11, 2019, in the Office of the Prosecutor.

February 8, 2019

The President strengthens the fight against corruption – Ecuador Times

The President of the Republic, Lenin Moreno, created the Anti-Corruption Secretariat and appointed Iván Granda Molina, former Secretary of Political Action, as its holder. The provision was made effective by executive decree 665, which also established the powers of the entity.

February 6, 2019

Prosecutor will investigate Alexis Mera for the Odebrecht case – Ecuador Times

The former legal secretary of the Presidency would have received $ 4.8 million for bribes from Odebrecht. The intermediary would be Carlos Pareja Cordero. The Prosecutor’s Office clarified on Monday, February 4, that he will not release Alexis Mera from investigations into the case of Odebrecht bribes.

February 4, 2019

SPECIAL REPORT – Is Ecuador on the Right Track? – BNAmericas

Ecuador’s private sector banks are bracing for what could become a prolonged period of slow loan growth due to the country’s severe economic and fiscal problems. As a result, its economy is set to be among the worst performers in Latin America and the Caribbean during 2019-20, as President Lenín Moreno struggles to change the nation’s state-led economic model to one driven by the private sector.

January 31, 2019

Ecuador: Election Body Uninvites OAS From Upcoming Elections – teleSUR

Atamaint said Ecuadorean election processes have changed and that international observers are no longer permitted to interview officials, either national or partisan.

January 28, 2019

Judge prohibits ex vice president María Alejandra Vicuña from leaving the country – Ecuador Times

Prohibition of leaving the country and periodic presentation every eight days before the subrogated president of the Provincial Court of Justice of Guayas is what ordered this Wednesday the national judge Ivan Saquicela against the former vice-president of the Republic María Alejandra Vicuña, within the instruction that will last 90 days for the crime of concussion.

January 24, 2019

Ecuador may accept IMF help to reduce deficit, international debt – Reuters

Ecuador may use financing from the International Monetary Fund (IMF) to balance its budget, as the South American country seeks to reduce a swollen fiscal deficit and its international debt, the finance minister said on Wednesday.