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☆ Ecuadorean authorities detain former energy minister in bribery probe
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

QUITO, May 15 (Reuters) - Ecuadorean authorities have detained a former energy minister amid an investigation into alleged bribery linked to state oil firm Petroecuador, the attorney general's office said on Monday. An investigation of Xavier Vera, Ecuador's former minister of mines and energy, began last October following several corruption allegations, including that he arranged jobs at Petroecuador in exchange for bribes. "The attorney general's office, with the support from (Ecuadorean police) executed an arrest warrant against Xavier V., within an investigation for alleged bribery," the attorney general's office wrote in a message via Twitter, referring to Vera. He isn't running away from the investigation, he isn't running away from the process," Vera's lawyer, Carlos Sanchez, told local television channel Ecuavisa. Reporting by Alexandra Valencia in Quito Writing by Sarah Morland Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Ecuador lawmakers re-elect National Assembly president
▼ + stars: | 2023-05-14 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

QUITO, May 14 (Reuters) - Independent lawmaker Virgilio Saquicela was re-elected president of Ecuador's National Assembly on Sunday, supported by politicians who want an impeachment process against President Guillermo Lasso to advance to a vote for his possible removal. Saquicela, who took over as president of the National Assembly in May last year, has become a principal figure in the process against Lasso, who is accused of embezzlement in an oil transportation contract. The assembly voted to continue with the impeachment process on Tuesday in a session convened by Saquicela with 88 votes in favor out of 116 legislators present. A majority of 96 lawmakers of the 136 present voted to re-elect Saquicela. He was supported by allies of former President Rafael Correa, who is convicted of corruption, as well as other opposition and independent parties.

LONDON, May 9 (Reuters) - Ecuador sealed the world's largest "debt-for-nature" swap on record on Tuesday, selling a new "blue bond" that will funnel at least $12 million a year into conservation of the Galapagos Islands, one of the world's most precious ecosystems. Tuesday's $656 million "Galapagos Bond," as it has been dubbed, will run until 2041 and gave investors that bought it a 5.645% "coupon" or interest rate, its bankers said. Ecuador sovereign bonds currently yield from 17% to 26%, but the new bond has an $85 million 'credit guarantee' from the Inter-American Development Bank and $656 million of political risk insurance from the U.S. International Development Finance Corp (DFC), effectively making it less risky. The driver has been the remote Galapagos Islands, some 600 miles (970 km) off Ecuador's mainland coast, that inspired Charles Darwin's Theory of Evolution. Scott Nathan, the chief executive of DFC, said people needed to "stay tuned" for similar deals in other countries and the Galapagos deal had been a long time coming.

☆ Ecuador deploys soldiers against illegal mines in Amazonian areas
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

QUITO, May 8 (Reuters) - Ecuador's government is deploying soldiers and police in nine provinces to combat illegal mining, officials said on Monday, in a bid to stamp out the unlawful mines mostly targeting gold and copper deposits. The announcement came after some 1,000 security forces destroyed machinery in a raid on illegal miners in the eastern Amazonian provinces of Napo and Orellana. Earlier this year, President Guillermo Lasso declared illegal mining a threat to national security, linking the practice to organized crime, including money laundering and arms and fuel trafficking. So far this year, raids authorized by authorities on illegal mines have documented the seizure of heavy machinery and even a helicopter. The government has not given figures on the increase in illegal mining, nor the total number of hectares (acres) affected in the most affected areas, but it has described it is a growing activity.

☆ Ecuador committee fails to pass report saying no cause for Lasso impeachment
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +1 min

The report, which says there is no cause for Lasso's trial or removal, was shot down by five of the committee's nine members. Despite the outcome of the committee vote, the report will now pass to the plenary of the 137-member assembly, which will decide whether to possibly remove Lasso. Other opposition parties are divided on whether to back Lasso's removal, while his allies have said they have enough votes to block the motion. Lasso's lawyer has said the opposition failed to establish what alleged loss of funds took place in relation to the contract. Under Ecuador's constitution, Lasso could call early presidential and legislative elections rather than face a removal vote.

☆ Ecuador committee report does not recommend Lasso removal, lawmaker says
▼ + stars: | 2023-05-05 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

QUITO, May 5 (Reuters) - The oversight committee of Ecuador's National Assembly will debate a draft report that concludes President Guillermo Lasso did not participate in embezzlement and recommends against his impeachment, a lawmaker said on Friday. Oversight committee president Fernando Villavicencio said the draft report is based on an analysis of all the evidence presented in hearings by the committee. "We have prepared and concluded the report which recommends that there is not cause to try or remove President Guillermo Lasso," Villavicencio told TV station Teleamazonas. Regardless of the committee's decision, the report will then pass to the plenary of the 137-member assembly, which will decide whether to hold hearings and possibly remove Lasso. Under Ecuador's constitution, Lasso could call early presidential and legislative elections rather than face a removal vote.

☆ Ecuador frees cash for Galapagos conservation with $1.6 bln bond repurchase
▼ + stars: | 2023-05-05 | by ( Rodrigo Campos | ) www.reuters.com time to read: +1 min

NEW YORK, May 4 (Reuters) - Credit Suisse repurchased Ecuadorean sovereign notes worth $1.6 billion in face value, the country's bankers said on Thursday, freeing cash for conservation of the unique Galapagos Islands in the biggest debt-for-nature swap ever struck. The buyback will free cash that Ecuador will put into conservation of its Galapagos Islands, one of the world's most precious ecosystems and the inspiration for Charles Darwin's Theory of Evolution. The offer, laid out by Credit Suisse late last month, amounts to the biggest debt-for-nature swap, as such transactions are known in banking circles, struck to date. The move has a political crisis as backdrop, as the National Assembly is in the middle of an impeachment process against President Guillermo Lasso for alleged embezzlement, allegation Lasso denies. Reporting by Rodrigo Campos; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

And Ecuadorian authorities have struggled to tackle this public security crisis “efficiently because it is mired in (a) political crisis,” González says. Ecuador’s President Guillermo Lasso is at the center of this storm, and his popularity has tanked amid widespread discontent with spiraling crime rates. Before President Guillermo Lasso took office, Ecuador had already become a key transit hub for cocaine due to its location between Peru and Colombia. Lasso told Ecuador’s legislative commission investigating him that he had not evaded taxes and that his tax trajectory was legally supported. Members of unions and civil society groups march on International Workers' Day to demand that Ecuador's President Guillermo Lasso, who is facing an impeachment process, leave office on May 1, 2023.

☆ 'More than enough' evidence to remove Ecuador's President Lasso -opposition
▼ + stars: | 2023-04-26 | by ( Alexandra Valencia | ) www.reuters.com time to read: +3 min

[1/5] Assembly members attend a hearing as lawmakers seek to remove Ecuador's President Guillermo Lasso from office over alleged embezzlement, in Quito, Ecuador April 26, 2023. REUTERS/Karen ToroQUITO, April 26 (Reuters) - There is more than enough evidence that corruption at a public company was allowed by Ecuador's President Guillermo Lasso, justifying his removal from office, an opposition lawmaker testified to congress on Wednesday. Opposition lawmakers have pushed impeachment hearings against the conservative former banker, alleging Lasso disregarded embezzlement connected to an oil shipping contract between public company Flopec and a private sector business. Lasso did "nothing" when warned about irregularities in the contract, opposition lawmaker Viviana Veloz testified to the congressional oversight committee tasked with recommending whether or not Lasso should be removed. Another opposition lawmaker said they have complained to the attorney general's office over Lasso's alleged connections to Flopec corruption.

☆ Ecuador launches debt buyback plan aimed at Galapagos protection
▼ + stars: | 2023-04-26 | by ( Marc Jones | ) www.reuters.com time to read: +1 min

[1/4] A pelican is seen on Santa Cruz Island, part of the Galapagos Islands, Ecuador. REUTERS/Santiago ArcosLONDON, April 26 (Reuters) - Ecuador has launched a long-awaited debt buyback plan that will free up money to protect its Galapagos Islands, one of the world's most precious ecosystems and the inspiration for Charles Darwin's Theory of Evolution. "The Offeror is making the Offer... as part of a broader refinancing operation to channel savings and promote certain conservation and sustainability efforts," the buyback plan said. The operation is private, the country's finance ministry said in a message to journalists, and cannot be discussed. Reporting by Marc Jones; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Explainer: Why are Ecuador lawmakers trying to impeach President Lasso?
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +3 min

[1/3] Ecuadorean President Guillermo Lasso participates in an interview at Carondelet Palace, in Quito, Ecuador April 26, 2022. REUTERS/Santiago Arcos/File PhotoQUITO, April 24 (Reuters) - Ecuadorean opposition lawmakers and President Guillermo Lasso - or his lawyer - are scheduled to testify this week in impeachment hearings that could see the conservative former banker censured and removed from office. Lasso has denied the charges, pointing out the contract was signed in 2018, three years before he took office. Estupinan is a key witness for opposition lawmakers, who say the former manager claims to have warned Lasso about contract irregularities allegedly committed by Luque, but got no response. Lawmakers from the Revolucion Ciudadana party of former President Rafael Correa, fierce opponents of Lasso, have pledged to cast their 47 votes for removal.

☆ Andes Turmoil Rattles Governments, Spurs Migration to U.S.
▼ + stars: | 2023-04-20 | by ( Ryan Dube | ) www.wsj.com time to read: 1 min

LIMA, Peru—Mounting violent crime and political upheaval are buffeting Andean countries in South America that had recently been stable, threatening fragile governments and prompting hundreds of thousands to flee north to the U.S. In Ecuador, President Guillermo Lasso faces an impeachment vote in May as drug-related homicides have risen. Bolivia has run out of dollars, its government hobbled by tumbling natural-gas exports. Peru’s economy has contracted sharply since President Pedro Castillo was removed from office in December, sparking violent protests. Colombian drug gangs run rampant in some rural regions, even as the former guerrilla who leads the government, Gustavo Petro , embarks on peace negotiations with them.

☆ Gang clash leaves at least 12 dead in Ecuador prison
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +2 min

QUITO, April 15 (Reuters) - At least 12 inmates were killed in an Ecuadorian jail amid a new clash between gangs, the SNAI prison agency said on Saturday, in the latest chapter in the South American nation's prison violence. The confrontation occurred on Friday in the prison known as La Penitenciaría, in the city of Guayaquil, one of the country's most dangerous. The entity added that the prosecutor's office and the police are in the prison for the identification of the dead bodies. Last year, a United Nations delegation found that the violence in Ecuador's prisons was caused by years of state neglect of the penitentiary system. Friday's clash follows the murder of three female prison officers outside the prison in Guayaquil.

☆ Ecuador's Lasso authorizes civilian use of guns, citing insecurity
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +1 min

April 2 (Reuters) - Ecuador has authorized the carrying and use of guns by civilians, President Guillermo Lasso said in a televised broadcast, citing rising crime and insecurity in the Andean country. "We have a common enemy: petty crime, drug trafficking, and organized crime," Lasso said late on Saturday in a message also posted on Twitter. To fight rising insecurity, the government will allow civilians to carry and use guns, he added. "We've modified the decree that allows the possession and carrying of guns. Lasso did not say how long the state of emergency would last.

☆ Ecuador's top court says Lasso impeachment hearings can proceed
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +2 min

QUITO, March 29 (Reuters) - Ecuador's constitutional court said on Wednesday that impeachment hearings for embezzlement against conservative President Guillermo Lasso, requested by opposition lawmakers over alleged corruption at state companies, can proceed. The decision may make it more likely that Lasso will dissolve the assembly and call early elections for both his post and legislators' seats. Fifty-nine opposition lawmakers formally requested the hearings in mid-March, accusing Lasso of involvement with embezzlement and bribery, which he has always denied. The court's approval enables the assembly to hold the hearings but does not constitute a backing of the claims by judges. The constitution enshrines so-called two-way death - allowing Lasso to call elections for both his post and the assembly instead of facing hearings.

☆ Digging with scant hope, families search for dozens missing in Ecuador landslide
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +2 min

[1/4] People dig amid debris as they look for relatives, following a landslide, in Alausi, Ecuador March 28, 2023. REUTERS/Karen ToroALAUSI, Ecuador, March 28 (Reuters) - Families and rescue groups in Ecuador worked to find dozens of people still missing after a landslide smothered buildings and a stadium in the small city of Alausi, with the official death toll of seven expected to rise. Some 64 people were missing as of Monday night, according to Ecuador's disaster agency, and around 32 survivors had been rescued. Using spades, relatives dug through the dirt in spots they believe their loved ones were when the landslide hit. President Guillermo Lasso visited the area on Monday night and offered to extend the rescue efforts to find the missing.

☆ Ecuador, Peru authorities assess damage after earthquake that killed at least 15
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +2 min

[1/6] A woman sitting on a hammock holds her baby next to the destroyed wall of her house following an earthquake in Isla Puna, Ecuador March 18, 2023. REUTERS/Maria Fernanda Landin/File PhotoMarch 19 (Reuters) - Ecuadorian and Peruvian authorities worked on Sunday to assess the damage caused by the previous day's strong earthquake that shook the region, leaving at least 15 dead and hundreds injured. State-run oil company Petroecuador reported that an offshore platform near the epicenter suffered damage that caused machinery to fail, temporarily reducing production. Peruvian authorities reported one death, four collapsed homes and five more left uninhabitable, while essential services and transportation infrastructure were undamaged. During his Sunday message, Pope Francis sent his condolences for the losses and "all those who suffer" due to the earthquake.

☆ Magnitude 6.8 earthquake shakes Ecuador, at least four deaths reported
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

[1/5] A damaged car and rubble from a house affected by the earthquake are pictured in Cuenca, Ecuador. REUTERS/Rafa Idrovo EspinozaQUITO, March 18 (Reuters) - A magnitude 6.8 earthquake shook a coastal region of Ecuador and northern Peru midday Saturday, leaving at least four people dead and resulting in some structural damage. In the community of Machala, three people were killed and multiple structures collapsed, including a two-story home and a wharf, while multiple communities lost power. The earthquake also led to structural damage in two other provinces, including a collapsed wall in a supermarket, and was felt in more than half of the country's 24 provinces, the Secretariat said. The initial quake was followed by two weaker aftershocks in the following hour, according to the Geophysics Institute of Ecuador.

☆ Declassified documents do not mention Ecuador's Lasso -regulator
▼ + stars: | 2023-03-15 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

QUITO, March 15 (Reuters) - Ecuador President Guillermo Lasso and his family members do not appear in declassified documents released by the country's companies regulator, the agency said on Wednesday, referring to files which opposition lawmakers had sought to shore up a possible impeachment bid. Lasso has denied corruption allegations and said his government will fully cooperate with ongoing investigations by the attorney general into alleged graft at state companies. "There is not one single clue or document that involved Mr. Guillermo Lasso in what was just declassified from the Superintendency of Companies," Pachakutik party legislator Ricardo Vanegas told journalists. "They are looking for ways to tie this soap opera to a reason to remove President Lasso," he said. "They want to keep Guillermo Lasso as president."

☆ Ecuador lawmakers declassify documents in bid to impeach Lasso
▼ + stars: | 2023-03-14 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

[1/2] Legislators of Ecuador's National Assembly attend a session to debate a report recommending the opening of impeachment hearings against President Guillermo Lasso, in Quito, Ecuador March 4, 2023. REUTERS/Karen ToroQUITO, March 14 (Reuters) - Ecuador's national assembly on Tuesday voted to declassify documents tied to investigations into allegations of corruption at public companies, in a bid to shore up impeachment charges against President Guillermo Lasso. Lasso has denied corruption accusations and said his government will cooperate fully with the investigations by the attorney general's office. Any impeachment process against Lasso - who survived an ouster attempt last year during anti-government protests - would also require approval by the constitutional court. The CONAIE Indigenous organization, which led protests last year, has called for Lasso's resignation but so far not backed national protests.

☆ Ecuador, Belgium sign deal to fight crime after mega cocaine bust
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Karen ToroQUITO, Feb 27 (Reuters) - Ecuador and Belgium on Monday agreed to increase bilateral cooperation in their fight against international organized crime, a day after Ecuadorean police seized nearly nine tonnes of drugs bound for the European country. Ecuadorean police found some 8.78 tons of cocaine hidden in a container with bananas, the organization said on Sunday. The size of the seizure over the weekend makes it necessary for Ecuador to further strengthen cooperation with the Belgian government, Ecuador's Interior Minister Juan Zapata told reporters. Of the 201 tonnes of drugs seized in Ecuador last year, almost 18% was destined for Belgium, specifically Antwerp, Zapata said. So far in 2023, Ecuador has seized some 39 tonnes of drugs, especially cocaine, according to police data.

☆ Ecuador Indigenous organization ends talks with gov't, calls for Lasso resignation
▼ + stars: | 2023-02-25 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

[1/3] Leonidas Iza, leader of Ecuador's indigenous organization CONAIE, and leaders of the indigenous nationalities of the Sierra, the coast and the Amazon celebrate, on the day of a meeting held by Ecuador's top indigenous organization CONAIE along with other campaign groups to discuss a date for new protests against the government of President Guillermo Lasso, in Quito, Ecuador February 24, 2023. REUTERS/Karen ToroQUITO, Feb 24 (Reuters) - A major Ecuadorean Indigenous organization said on Friday it will not continue talks with the government of President Guillermo Lasso, saying the government has not complied with accords, and called for Lasso's resignation over alleged corruption. The government has said it reached dozens of accords with the CONAIE indigenous organization, including a temporary moratorium on oil blocks in the Amazon and suspension of new mining concessions in ancestral territory until community consultation laws can be passed. "CONAIE breaks this process of dialogue and retires from monitoring efforts," its president Leonidas Iza told journalists after meeting with other Indigenous groups. "Mr. Guillermo Lasso for the dignity of our country, for your inability to govern and resolve the most important problems of Ecuadoreans, present your resignation," Iza said.

[1/6] Workers carry a mix of seized cocaine and coca paste with industrial waste to produce cement slurry to be used in a construction, at a waste treatment plant at an undisclosed location, in Ecuador February 10, 2023. REUTERS/Karen ToroQUITO, Feb 17 (Reuters) - Huge quantities of seized drugs in Ecuador are presenting the Andean country with an unlikely new construction material: cocaine. The amount of drugs seized in Ecuador almost doubled in 2021 versus the previous year to more than 210 tonnes, mostly cocaine, according to the country's police. So far some 350 tonnes of crushed cocaine and coca paste - a cocaine precursor - seized between 2021 and 2022 have been used to fill the hole, according to plant technicians. Some 83 tonnes of cocaine are waiting to be encapsulated.

☆ Ecuador says illegal mining is national security threat
▼ + stars: | 2023-01-26 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

QUITO, Jan 26 (Reuters) - Ecuador's government said on Thursday it has declared illegal mining a national security threat, saying it has connections to money laundering and arms trafficking, and said it will take actions to combat it. President Guillermo Lasso is looking to tamp down growing illegal mining activity in various places around the South American country, especially in the Amazon, where there are large reserves of gold and copper. Illegal mining "is part of the chain of trafficking of arms and trafficking of explosives and of money laundering, and for that reason it is considered an activity that attacks national security," Ordonez told journalists, adding it also causes environmental damage. "We will back the legal mining concessions established so that they can carry out their activities in execution of their contracts, licenses and authorizations," he added. He did not give figures for illegal mining activities in the country, but said it was growing.

☆ Global leaders condemn assault on Brazilian government buildings
▼ + stars: | 2023-01-08 | by ( ) www.reuters.com time to read: +7 min

Brazil's democratic institutions have our full support and the will of the Brazilian people must not be undermined. Using violence to attack democratic institutions is always unacceptable. BOLIVIAN PRESIDENT LUIS ARCE"We strongly condemn the assault on the Brazilian Congress, Palace and Supreme Court by anti-democratic groups. A return to normality is urgently needed and we express solidarity with Brazilian institutions. We categorically condemn the assault on the Brazilian Congress and make a call for the immediate return to democratic normality."

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