RE: From a well informed North American investor...8 Sep 2021 17:03
Lat Am investor …. Looking up in Ecuador
“Guillermo Lasso’s victory in the final round of Ecuador’s presidential elections in April was something of an upset. Yet even more surprising has been the success of his first 100 days. On his first day, executive order 68 cut red tape for private-sector exporters. Another executive order was aimed at the oil sector. Crucially for investors, Ecuador rejoined the International Centre for Settlement of Investment Disputes.
Yet by far the most important success has been with vaccines. As Maria Alban Guillermo, an Executive Director at London-listed, Ecuador-focused mining company, SolGold, notes in our recent Ecuador Report, Lasso’s “primary focus is the vaccination programme. He knows that unless Ecuador defeats the pandemic then any economic plans are just pipe dreams. He pledged to disburse 9 million Covid-19 vaccines in the first 100 days.” Lasso met that target easily creating an “immediate economic boost, as schools reopen and people get back to work.”