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Andean Group - January 2011 (ISSN 1741-4466)
ECUADOR: Correa plays hardball over conservation
President Rafael Correa has set a deadline of June this year to
evaluate whether his government's ambitious Yasuní-ITT environmental project is
viable. Ecuador is negotiating with prospective donor countries to raise
US$3.6bn over 13 years for the country to leave oil deposits untapped in the
Yasuní biosphere reserve in the northern Amazon, which is thought to hold up to
920m barrels of crude - some 20% of Ecuador's known reserves. Unless, US$100m is
forthcoming in 2011, the government will be forced to exploit the area for oil,
he said.
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- ECONOMIC OVERVIEW
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- COLOMBIA: Public-private partnership to rebuild Colombia
- COLOMBIA: Trade preference problems
- ECUADOR: Key media and banking appointments made
- ECUADOR: Correa plays hardball over conservation
- ECUADOR: Bread prices rise
- PERU: Peru's justice system to get a makeover
- PERU: Apra is in trouble
- Fuel Smuggling