Economy & Business - February 2022

ECUADOR: Lasso’s investment drive facing major obstacles

President Guillermo Lasso’s government is planning to submit an investment reform bill to the national assembly in February, as the core plank of its plan to improve Ecuador’s business environment with the goal of attracting US$30bn in foreign direct investment (FDI) over its 4-year term. Nonetheless, the government’s promise of an investment boom is running into reality. Enduring competitiveness problems, an unfavourable constitution, and strong opposition to its policies are just some of the factors tempering investor interest in the country

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