Weekly Report - 25 July 2024 (WR-24-29)

ECUADOR | Tax reform boosts state coffers. The tax reform submitted by President Daniel Noboa’s government, which was approved by Ecuador’s national assembly in December 2023, has strengthened the government’s finances in the first half of this year. Figures released by the tax authority (SRI) show that the tax take from January-June was up by 7% year-on-year, totalling US$10.28bn.