Ecuador: economic development and International Marketing Link Title
Economic situation in the Covid pandemic
Total deaths in the first 6 months of 2020, half of the 28,000 excess deaths occurred in April
Over 12,000, an increase of over 300%, occurring in Guayas province, the original epicenter of the pandemic
In July, deaths began to rise again as the virus advanced in other regions, including the capital, Quito
Ecuador has struggled to develop adequate testing and tracing infrastructure, limiting its ability to limit the virus’ spread further
The pandemic moves will likely lead to more lax control of citizen behavior, but economic necessity will limit the feasibility of implementing new national lockdowns
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-China, offer some economic reactivation and support programs to contain this year’s economic contraction below 10%.
The 2020 economic contraction will still be the steepest in Ecuadorian history, leaving the recovery in 2021 and beyond heavily dependent on two major factors
The overalThe overall recovery pace of the world economy l recovery pace of the world economy
the reforms that the new government taking office in May 2021 is able to implement.
Finally, it’s important that investors don’t overlook the governability problem any candidate elected in 2021
The $6.5 billion staff-level agreement with the IMF announced in early September
the possibility of the election of a market friendly presidential candidate next year due to two key developments.
Statistics during 2020
Population growth
This increased by 1,5%
Poverty headcount ratio at national poverty lines (% of population)
In Ecuador had an increased by 33% more that other years
People
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The world bank in Ecuador
Results achieved in the Country Partnership Framework
It prioritizes investments in strategic sectors for development, such as education, transportation, water and sanitation.
improving social services and legal frameworks
Providing evidence-based information in key areas to continue efforts to reduce poverty and inequalities.
Increased access to better quality services in education and social protection
assistance services in areas such as
Combating malnutrition
Inclusion of disabled persons
Improving the efficiency of the social protection system
Transportation
The World Bank mobilized resources to build institutional capacities at the national and sub-national levels to compile and produce statistics on traffic accidents through the National Transit Agency.
It also supported the National Risk Management Secretariat to develop a national disaster response strategy
It help to develop a methodology to create sector programs in disaster risk management that address a variety of dangers and risks.
Investment projects in Ecuador
World Bank expanded its participation in the agricultural sector to improve incomes of small- and medium-holder farmers
In 2016, it approved an investment operation to raise enrolment and permanence of students in public technical and technological institutes designed
mobilized an emergency response loan (USD 150 million) to provide aid following the earthquake that affected Ecuador in April 2016.
Economic freedom in 2022
It has a score of 54.3
Over the past five years, economic growth in Ecuador was slow
Adittionally in 2020: there was a big impact for the pandemic which caused many deaths also, government’s response to the crisis was a big problem for the country