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Ecuador’s High-Tech Prison Plan: Echoes of El Salvador’s Approach
President Daniel Noboa of Ecuador has launched an ambitious project to build a high-security prison in Santa Elena province. The “El Encuentro Prison” aims to isolate dangerous inmates and gang leaders. Noboa personally visited the construction site, demonstrating his commitment to the 54-million-dollar project spanning 37 hectares. This initiative shares similarities with El Salvador’s approach […]
Ecuador’s Bond Market Thrives Amid IMF Deal Anticipation
Ecuador’s dollar-denominated bonds are shining in the global financial markets, achieving significant gains among emerging economies. This surge stems from the expected new financing deal with the International Monetary Fund (IMF), which boosts investor confidence in Ecuador’s economic strategies. This week, the bonds maturing in 2040 rose 2.5 cents, reaching 50.4 cents on the dollar, […]
Russian Tourism Boosts Cuba’s Economy in 2023
In 2023, more Russians visited Cuba than before the pandemic, showing a big rise in travel from Russia. Over 185,000 Russian tourists went to Cuba in 2023. This number was higher than the 178,000 who visited in 2019. Tour operators like Pegas Touristik helped make this happen. They worked with Nordwind Airlines to offer trips […]