LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

October 2, 2023

Will New Loans Help Spur Ecuador’s Future Growth?

The CAF – Development Bank recently approved $488 million in loans for Ecuador. Quito is pictured. // File Photo: Ecuadorean Government.

Q

A

Diego Andrés Almeida, managing partner at Almeida Guzmán & Asociados in Quito: “In the first half of 2023, shrimp surpassed petroleum as the country’s main export. Thanks to the CAF loan for $200 million, shrimp farmers will have access to sustainable energy in the provinces of Esmeraldas, Manabí, Guayas, El Oro and Santa Elena. This will not only benefit the environment but will also reduce production costs for exporters and improve living conditions within rural areas now short in electrification. CAF has also provided a loan for $117 million to strengthen the National Health System. The funds will be directed to implementing the national health policy to facilitate access for newborns, pregnant mothers and vulnerable populations in rural areas. There are two additional loans for a total of $170 million aimed at the modernization, promotion and quality improvement of the educational system. Part of those funds will be directed toward the improvement of infrastructure, which will be affected by El Niño, as well as…”

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ABOUT THE LATIN AMERICA ADVISOR

The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Gene Kuleta
Editor
202.463.2920
gkuleta@thedialogue.org

Jack Quinn
Reporter

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Lori Rampani
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board of advisors

Diego Arria
Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
President Emeritus,
Inter-American Dialogue

Donna Hrinak
Director,
Adtalem Global Education

Jon E. Huenemann
Council Member,
GLG Inc.

James R. Jones
Chairman,
Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
Director,
US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
McLarty Associates

Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

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