19JAN24- "Investment bank believes that VAT increase opens the doors of the IMF for Ecuador Author: Evelyn Tapia Updated: Jan 19, 2024 - 5:40 Investment banks and rating agencies believe that with the increase in VAT, the IMF could be willing to give a new loan to Ecuador. The Minister of Finance, Juan Carlos Vega, in the National Assembly, December 4, 2023.
- Photo: Account X of the Ministry of Finance. Join WhatsApp The Government's proposal to increase the Value Added Tax (VAT) to 15% was well received by international markets . Noboa's plan will, they say, open the doors for Ecuador to obtain new multilateral credits, valuable in a year of low liquidity for Ecuador. Ecuador must seek new debt for about USD 10 billion in 2024, an important figure that is equivalent to 10% of Ecuador's Gross Domestic Product (GDP).
If the VAT is raised, that figure would be reduced by about USD 1.3 billion, according to the Ministry of Finance. President Daniel Noboa justified the three-point increase in VAT , because resources are urgently required to finance the war against drug trafficking in the midst of the declaration of internal armed conflict.
Government: "It is difficult to know how long salaries can be paid if VAT is not raised" But not only that. The Minister of Finance, Juan Carlos Vega, has also explained that it is necessary to raise income urgently and permanently , because the money in the fiscal coffers will not be enough to pay daily salaries and the state's millionaire arrears.
Such weak fiscal accounts even put at risk Ecuador receiving new freely available loans from multilateral organizations , which today are Ecuador's largest creditors, and even dollarization itself, the Minister also said."
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🤠iffin you gonna move down or remain in Ecuador on into 2025, get prepared for whats a coming down the pike🥷🏼its not and has not been just a Coastal & #GYE thang, its also a Sierra & Metro #Quito Thanggy as well👮🏻♂️💰
My 2025 NewYears Resolution is more time out on the La G range, zz style, 🎸🥁🎸 cuzz (imho) we gonna dang sure be a needin it🥷🏼if anybody wants to no longer be an outlaw? Call me to join our Qtowne Quito gun club and get legal to tote with a 55hr CCW Course,
now a days The CCW is pretty much streamlined down to this:
plan on about $300 for to join the gun club,about $200 or up to $300 for the CCW course,about $300 for psyche, psycho and toxico exams,
a 9mm Taurus for say $1200.
a 9mm CZ for say $1500.
aprox $80 to $100 for a box of 50rds 9mm FMJ
i see peeps now a days getting legally armed in about a 3-4 months time frame, kinda like a tuff assed visa process!
'Always be prepared' - BSA & SA,
"When guns are outlawed, only outlaws will have guns" - Louis L'Amour (1908-1988) Western novelist of ...
(there will be no significant improvement in Ecu until this addressed and resolved once and for all, very similar issues up NA way too, Ecu mini state likes to monkey see monkey doo big brother brothel USSA in so many ways:) 03DEC25- #Ecuador ⚖ 'Life imprisonment! For corrupt judges & lawyers- "...So, let's use the same logic with my "buddies." If as a lawyer you are found guilty of having bribed a judge or prosecutor or you are that judge or prosecutor bribed, it is impossible for us to think that it is coherent that we can once again entrust them with their participation in the system of administration of justice.
A corrupt judge, lawyer or prosecutor must be banned for life from practicing the profession. Let them go out to sweep streets or pass cafes, but in this profession they cannot participate again. Because without Justice there is no State and they have made sure that Ecuador is a failed State.
But I am more radical: I propose that the perpetual inability to practice the profession ...
SUN 23NOV25 The #EcuadorReport Giving Thanks to the Entire Crew at KAT-BAS Club de Tiro #Quito Gun Club - 'Nobody is Coming to Save You!'🦃Have a Happy Thanksgiving 2025🎩-
13NOV25 📑#Ecuador
"There is an agreement between the US and Ecuador on reciprocal tariffs, driven by President Donald Trump and President Noboa.
The United States announced the elimination of reciprocal tariffs for certain Ecuadorian exports, following the conclusion of a new agreement promoted by President Donald Trump and President Daniel Noboa.
The understanding incorporates chapters of trade, work, environment and security, with the aim of providing greater competitiveness and relief to the export sector of Ecuador.
The Minister of Production and Foreign Trade, Luis Jaramillo, stressed that this framework "will lay the foundations of trade, economic and national security relations", emphasizing that the agreement marks a decisive step to deepen cooperation between the two countries.
According to the Ecuadorian Government, the measure will allow to expand opportunities for domestic products and strengthen the bilateral agenda in strategic areas for development and security." -
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