Alberto Acosta Burneo, editor of Weekly Analysis in Guayaquil: “Fuel subsidies in Ecuador began in the 1970s when the country became a petroleum producer. However, these subsidies do not primarily benefit the lower-income population; more than half goes to the wealthiest quintile. In 2024, $3.1 billion was budgeted for subsidies (2.5 percent of GDP). However, the government, in agreement with the IMF, decided to reduce this subsidy, initially focusing on gasoline, with a budget of $631 million (0.5 percent of GDP). Previous attempts to reduce these subsidies have failed due to popular opposition, risking governmental stability. The new policy is implemented in two phases: an initial increase and a price band allowing adjustments according to the international price. This flexibility represents…”
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Carl David
Goette-Luciak
Reporter
Nili Blanck
Reporter
Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer
Jimena Blanco
Chief Analyst,
Verisk Maplecroft
María José Cortés
Head of ESG,
Atlas Renewable Energy
Jeffrey Davidow
Senior Counselor,
The Cohen Group
Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler
Jonathan C. Hamilton
Partner,
White & Case
Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter
James R. Jones
Chairman,
Monarch Global Strategies
Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher
Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil
Jeremy Martin
Director,
Energy Program,
Institute of the Americas
Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone
R. Kirk Sherr
President,
Clearview Strategy Group
Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue
Doris Rodríguez
Partner,
Hunton Andrews Kurth
Alexandra Valderrama
Director,
International Government
Affairs, Chevron
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