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Andean Group - November 2021
Looking to flexibilise labour regulations
During this year’s election campaign, Ecuador’s President Guillermo Lasso promised that his government would create 2m jobs over its four-year term. Over the past 15 years, Ecuador’s formal employment sector has struggled to expand even during periods of growth, and has shrunk over the past seven years – a structural problem which the Lasso government and the country’s multilateral creditors attribute to its rigid labour market. The government’s prescription is a labour reform which would introduce greater flexibility into the market, and is expected to be put to the national assembly later this year. It will face fierce opposition from a left-leaning congress and trade unions, both of which worry about a potential erosion of workers’ rights.
- Introduction
- Castillo battles claims of guerrilla sympathies in his cabinet
- US seeks to rival China’s Belt and Road programme
- State of exception to tackle surging violence
- Looking to flexibilise labour regulations
- Battle for coca union control puts MAS on the back foot
- Money laundering bill withdrawn following protests
- Some signs of recovery
- Economic Highlights