17DEC24💵 "The unified basic salary in Ecuador will increase to $470/month in 2025. That's $10 more than this year. Worker and employer representatives could not agree on an increase, so the Ministry of Labor decided on that salary.
The basic salary is the lowest amount that full-time workers can earn. It is not the minimum wage.
The basic salary is important because many things are tied to it, including fines and investor visas."💰
https://www.primicias.ec/economia/salario-basico-unificado-ecuador-2025-gobierno-daniel-noboa-85414/
17Dec24, "the Government of Daniel Noboa completed the process of exchanging bonds for the conservation of the Amazon, which began on December 3, with the participation of Amazon Conservation DAC, The Nature Conservancy (TNC) and the advice of Bank of America. As a first step, Amazon Conservation DAC issued a bond for $1 billion, with which resources it can buy Ecuadorian securities, which are currently discounted.
The process was carried out with the advice of Bank of America. With that money, Amazon Conservation DAC was able to purchase and retire $1.527 billion in bonds from the market.
Thus, after this process that culminated on December 17, Ecuador must now pay Amazon Conservation DAC $1 billion , and $.527 billion to the bondholders that have already been withdrawn from the market. Hence, the savings for Ecuador from the exchange of this debt would be around $527 million. However, if interest and other financial costs are taken into account , Ecuador's savings in external debt payments will be...
13DEC24 #Ecuador NEWS "Another Turks Generator Ship🚢 vessel is en route to arrive at Guayaquil and begin its ⚡️energy operations immediately,
according to the Turkish company Karpowership."
Get the details ▶️ https://v.vistazo.com/3OV0VAB
