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Ecuador Political News

Ecuador: Tariffs and Taxes Reduced to Boost Competitiveness

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Since Ecuadorian President Guillermo Lasso took office on May 24, 2021, the beginning of the new administration has been marked by significant social and economic developments and achievements.

During his political campaign, President Lasso offered an ambitious vaccination program that aimed to provide 9 million vaccines in his first 100 days in office to protect Ecuadorians and stimulate the economy. This goal was achieved earlier than expected, as the government announced that it had reached its target on August 1, 2021.

On the economic front, investors have seen significant progress as the returns on the nation’s bonds have significantly improved, surpassing 28% this year according to a Bloomberg Barclays index.

To read the full story on Bloomberg, click here.

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#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon. https://t.co/7TqQ6sJhik
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… https://t.co/soQ1qreULA
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: https://t.co/5eac0lRmN7
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:
https://t.co/7TqQ6sJhik
DENIED: @SCOTUS rejects hearing case of Steven Donziger, who bribed Ecuadorian judge in failed effort to bilk Chevron for billions of dollars. https://t.co/zT0dlozk5R

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