Ecuador: Tariffs and Taxes Reduced to Boost Competitiveness
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.
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