Articles
Business intelligence and analysis on Ecuador
State Transfers $927M to IESS Pension Subsidy Through May
Ecuador transferred $927 million to IESS for the state 40% pension contribution from January through May 2026. The figure equals 34.53% of the $2.684 billion coded annual budget, with $306.5 million recognized but not yet paid.
Ecuador Country Risk Falls Below 400 for First Time Since 2014
Ecuador's country-risk indicator fell to 396 points on June 3, its lowest level since October 2014. The measure is down 96 points since the start of 2026 and 1,620 points since President Daniel Noboa took office.
Powerchina Coca Codo Contract Now Expected by December
Ecuador now expects the Powerchina operating contract for Coca Codo Sinclair by December, later than the July timing previously expected. The 25-year contract would pay $47 million per year for operation of the 1,500 MW hydro plant.
Consumer Credit Expansion Drives Ecuador Auto-Sales Rebound
Ecuador's consumer-credit volume rose from $1.628 billion to $2.238 billion from January through April, a 37.4% increase. Auto-sector leaders say financing supports about 60% of new-vehicle sales and is driving the 2026 rebound.
Ecuador Budget Revenue Rises $2.303B Through May
Ecuador collected $12.220 billion in state-budget revenue through May 2026, $2.303 billion more than in the same period of 2025. Oil receipts nearly tripled to $1.239 billion, while tax collection supplied 65% of total income.
Tanergy Group Wins $13.16M Ecuador Diesel-Generation Lease
Celec awarded a $13.16 million contract for 10 MW of diesel generation at Guangopolo to Tanergy Group. The contract is the first award from an April thermal-rental package designed to reduce dry-season power risk in late 2026.
SRI Adds 70 Import Subheadings to Reduced ISD List
Ecuador’s SRI updated the list of import tariff subheadings eligible for a reduced 2.5% ISD rate. Fedexpor identified 70 new subheadings added to the preferential list and 17 subheadings removed.
Ecociencia Identifies 111 Mining-Affected Hectares in Protected Areas
Ecociencia identified 111 hectares affected by mining inside protected and conservation areas in Zamora Chinchipe. The report monitored four case studies from 2011 to 2025 and points to enforcement pressure in Ecuador’s southern Amazon mining corridor.
Fuel Bands Point to Another Ecuador Price Increase From June 12
Ecuador's June 12 fuel adjustment is likely to move higher, Primicias reports. The outlet cited a $0.23/gal May increase in Ecuador's gasoline reference, WTI at $92.16/bbl on June 1, and projected local prices of about $3.31/gal for gasoline and $3.25/gal for diesel under the 5% band cap.
Colombia Import Tariff Refund Exposure Could Reach $254M
Ecuador may face refund claims tied to the Colombia import security charge, Primicias reports. A former SENAE legal director estimated approximately $220.9M in tariff collections plus about $33M in additional IVA, implying a potential $254M exposure before interest.
Energy Minister Says Cascabel Mining Contract Will Be Renegotiated
Ecuador's energy minister said the Cascabel exploitation contract will be renegotiated, Primicias reports. The project carries a 33-year mine-life plan, approximately $4.2B in expected investment, a 4,979-hectare concession and Chinese control after Jiangxi Copper's SolGold acquisition.
Auca 141H Adds 2,568 Bpd to Orellana Oil Output
A new horizontal well at Auca is producing 2,568 bpd, Primicias reports. The Block 61 field averages 60,000 bpd, has more than 580 drilled wells and is operated by Shaya, an SLB affiliate.
