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The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. [17] Ecuador's economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. [18] In 2017, remittances constituted 2.7% of Ecuador's GDP ...
Drinking water supply and sanitation in Ecuador is characterized by a number of achievements and challenges. One key achievement is a significant increase in both access to an at least basic water source (90% in 2000 to 100% in 2015 in urban areas) [ 1 ] and at least basic sanitation (82% in 2000 to 89% in 2015 in urban areas).
Pink banana (Musa velutina) in a butterfly sanctuary in the cloud forests of Mindo, Ecuador.Production of bananas began in Ecuador in 1910. [2] However, the industry did not experience a boom until 1948, when the government of President Galo Plaza began issuing agricultural credits, tariffs, building ports and a highway on the coast, and making efforts towards pest control.
Ecuador, [a] officially the Republic of Ecuador, [b] is a country in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean on the west. It also includes the Galápagos Islands in the Pacific, about 1,000 kilometers (621 mi) west of the mainland.
By buying-back over $1.5 billion of its discounted existing bonds with cheaper new money, Ecuador will realise almost half a billion dollars of savings over a 17-year period to invest in ...
Ecuador is located on the west by the Pacific Ocean, and has 2,237 km of coastline.It has 2237 km of land boundaries, with Colombia in the north (708 km border) and Peru in the east and south (1,529 km border). 283,561 km 2 (109,484 sq mi) is land and 6,720 km 2 (2,595 sq mi) water.
Ecuador gained complete independence in 1830, it had a largely rural population of about one-half million. The rural economy came to rely on a system of peonage, in which Sierra and Costa Indians were allowed to settle on the lands belonging to the hacendado, to whom they paid rent in the form of labor and a share of their crop.
Water privatization in Guayaquil began with the decision taken in 1995 to privatize drinking water supply and sewerage in Guayaquil, the largest city and economic capital of Ecuador, through a concession contract. In preparation for privatization, the previously separate water and sewer utilities were merged into a single utility in 1996.