U.S.-based developers have announced plans for what they are calling “a first of its kind residential community in Cuenca.” Daryl Lassiter, project spokeman for Cuenca Casas, said that the community will be designed to appeal to both foreigners and local residents. &ldq... [More]

Ecuador’s Economic Policy Minister, Diego Borja, defended the country’s use of the U.S. dollar and said President Rafael Correa wasn’t planning to abandon the system. “The president has been clear, we are going to defend dollarization,” Borja said today in an in... [More]