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Energy policy in Ecuador is driven by its need for energy security as a developing country as well as its conservation efforts. [1] Despite past and ongoing attempts to take charge in energy sustainability (as with the now defunct Yasuni-ITT initiative), oil production and exportation still supports its small $5,853 GDP/capita economy at an average of 549,000 barrels/day in 2016. [2]
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.
The Organisation for Economic Co-operation and Development (OECD; French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental organization with 38 member countries, [1] [4] founded in 1961 to stimulate economic progress and world trade.
The central planning authority is responsible for five specific tasks, namely determining the criteria for the economic calculations of the planning decisions; determining and quantifying targets to be achieved within the a specified period; "coordinating targets to ensure the plan is consistent and reliable; determining the methods to ensure ...
The most damaging earthquakes to affect Ecuador are those associated with faulting within the South American plate, such as the 1949 Ambato earthquake. Earthquakes within the downgoing Nazca plate, such as the M w 7.1 event of August 2010, are generally too deep to cause significant damage in Ecuador although they are felt over a wide area. [3]
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.
The red line represents trends of annual rates given throughout the period shown GDP is in billions of Local Currency Unit that has been adjusted for inflation Sources: International Monetary Fund, World Bank From his election in 1998 until his death in March 2013, Chávez's administration proposed and enacted populist economic policies. The social programs were designed to be short-term ...
These words come mostly from the Andean Spanish dialects of Ecuador, with strong influences from Quichua (Northern Quechua), although Quechua had no historical presence in the Ecuadorian coast. This is the case of the Quechua-origin word "ñaño" (brother) which is widespread throughout the country.