LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

June 6, 2024

Will Ecuador Be Able to Attract More Investment?

Ecuador is setting its sights on attracting more long-term investment into the country, said Production and Trade Minister Sonsoles García. // File Photo: Ecuadorean Government.

Q

A

Daniela Chacón Arias, executive director at Fundación TANDEM and former Quito vice mayor and city council member: “Ecuador is currently facing an unsustainable fiscal situation marked by substantial and recurring deficits, with escalating public expenditures primarily financed through debt. The oil revenues’ unpredictability and the challenges in collecting taxes worsened by the forgiveness of major debtors and insufficient actions against tax evasion, continue to burden the financial situation. As a dollarized economy, Ecuador must consistently and reliably attract dollars to sustain its economic stability. Several factors impede Ecuador’s ability to attract foreign investment, with the legal and tax framework being a significant barrier. The country has yet to establish a…”

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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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Merike Blofield
Professor of Political Science,
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Devry Boughner Vorwerk
CEO,
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Joyce Chang
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Exxon Mobil

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Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
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Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

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President, Rozental &
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Managing Director,
Sovereigns, Fitch

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