Connect with us

Hi, what are you looking for?

Ecuador Political News

Economic growth until 2025 will depend on the oil industry

The country remains highly dependent on crude oil. The minimum increase in GDP since 2015 coincides with the deterioration of that industry.

When there are good oil prices and production at adequate levels, the country’s economy grows and well-being is experienced. But if the situation is opposite and the oil industry declines, the Gross Domestic Product stagnates, collapses or increases minimally.

In other words, Ecuador has been deeply dependent on crude oil and, facing the next five years, that reality will not change, which will require concrete actions from the next government to ensure that, at least, economic growth forecasts are met. established by organizations such as the International Monetary Fund (IMF).

To read the full story on La Hora, click here.



#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.
The @WSJ sums this case up nicely, “[Steven Donziger] and his team fabricated evidence, promised $500,000 to an #Ecuadorean judge to rule in their favor, ghostwrote much of the final verdict and took other actions that ‘perverted’ the course of #justice. Mr. Donziger disputes the…
Shameless. Disbarred and convicted of criminal contempt of court for bribing an Ecuadorian judge in an attempted extortion scheme, @SDonziger is nonetheless accepting invitations to speak at #climate rallies. Read more about this adjudicated racketeer:
Sworn testimony: While Texaco met its environmental obligations in the Amazon, #Ecuador’s national oil company did “absolutely nothing” to address its own remediation in the area. #FactsMatter:
DENIED: @SCOTUS rejects hearing case of Steven Donziger, who bribed Ecuadorian judge in failed effort to bilk Chevron for billions of dollars.

You May Also Like

Chevron Ecuador Blog Posts

1. Steven Donziger Is an Adjudicated Racketeer. The U.S. District...

News & Updates

Steven Donziger is the best example of how a handful...

News & Updates

Disbarred lawyer Steven Donziger likes to present himself to the...

Chevron Ecuador Lawsuit News

A lawsuit against oil companies reflects progressive attempts to criminalize...