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Ecuador, [a] officially the Republic of Ecuador, [b] is a country in northwestern South America, ... This important date was established by the Spaniards on 24 June, ...
Ecuador was an original member of the block, founded by left-wing governments in Latin America and the Caribbean in 2008. Ecuador also asked UNASUR to return the headquarters building of the organization, based in its capital city, Quito. [64] In June 2019, Ecuador agreed to allow US military planes to operate from an airport on the Galapagos ...
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 ]
The IMF "signals that the country has considerably strengthened the sustainability of its public finances and has advanced in the implementation of important structural reforms," Ecuador's ...
Ecuador, the world's top banana exporter, has traditionally escaped the violence that has long engulfed its northern neighbor, Colombia, the planet's No. 1 producer of coca, the chief ingredient ...
Banana plantation in Ecuador, photographed in 2006. Banana production in Ecuador is important to the national economy. Ecuador is one of the world's top banana producers, ranked 5th with an annual production of 8 million tonnes (6% of world production) as of 2011. The country exports more than 4 million tonnes annually.
The economic history of Ecuador covers the development of Ecuador's economy throughout its history, beginning with colonization by the Spanish Empire, through independence and up to the 21st century. Colonial Ecuador relied on agriculture rather than mining that dominated the capitals of the Viceroys of Peru and Nueva Granada .
The military unit raised and financed in the Free Province of Guayaquil was named Division Protectora de Quito ("Division for the Protection of Quito"). It was to advance on the cities of Guaranda and Ambato in the central highlands, hoping to bring them into the independence movement, and cut all road communication between Quito and Guayaquil and Cuenca, forestalling any Royalist countermove ...