Swiss bank Credit Suisse has bought Ecuadorian bonds worth $1.6 billion in a debt-for-nature swap. The deal will commit Ecuador to spending $18 million annually for the next 20 years on conservation in the Galapagos Islands, one of the world’s ..
Month: Current Affairs - May, 2023
Category: Environment Current Affairs
The Ecuadorian Constitutional Court had halted the Panantza-San Carlos mining project in a ruling that favored an indigenous community’s rights to choose which activities can happen on their territories. About Panantza-San Carlos mining project The Panantza-San Carlos copper mining project ..
Researchers have discovered an astounding new species of orchid in the cloud rainforest of Northern Ecuador. Key Facts It has been scientifically named Maxillaria anacatalina-portillae. This plant is unique with its showy, intense yellow flowers. It was described by Polish orchidologists ..
Between January 31 — February 1, 2022, heavy rainfall in Ecuador resulted into multiple landslides, mudflows and floods. Highlights A landslide in Quito in Ecuador took 23 life and injured 47 others. It has left nine missing, while collapsing at ..
The South American Country, Ecuador, has declared a state of emergency because of crime wave. Key Points President of Ecuador, Guillermo Lasso, announced a 60-day state of emergency on October 19, 2021 because of rise in violent drug crimes. The ..
Guillermo Lasso, a conservative, assumed presidency of Ecuador on May 24, 2021 and has become first right-wing leader in 14 years in Ecuador. Highlights Rejuvenation of an economy that has contracted by 7.8 percent in 2020 and the overall debt ..
Month: Current Affairs - May, 2021