What type of government does Ecuador have today?
Ecuador's government has enjoyed growing stability during the 21st century. The stability of the government depends largely on the economy, which has improved significantly since the early 2000s. Ecuador's government has gone through long, tumultuous periods, most recently in …
Which Palace seats the executive power in Ecuador?
Today Ecuador is a constitutional republic. Since declaring independence from Spain in 1822, Ecuador has instituted over 20 constitutions. The current …
Who is the current president of Ecuador?
How many constitutions has Ecuador had?
What happened to Ecuador's currency?
In 1998, under the leadership of President Jamil Mahuad, the Ecuadorian government devalued its currency, called the sucre. Ecuadorians protested this move, and in 1999 Mahuad was removed from power. That year, Ecuador had one of the worst economies in Latin America.
What is the top non-oil export in Ecuador?
Shrimp. Shrimp recently surpassed bananas as the top non-oil export in Ecuador. In 2013, shrimp exports contributed 2.1 billion dollars to the economy, and Ecuador exported 220,000 tons of these tasty crustaceans.
How much debt did Correa default on?
But in 2007, Correa defaulted on Ecuador’s 3.2 billion dollars of sovereign debt. As of 2014, the debt amounted to nearly five billion dollars. This move has not noticeably impacted his popularity. Critics of Correa’s government point out that it’s not just the president’s economic policies that have helped the economy grow.
What is the currency of Ecuador?
The official currency of Ecuador is the United States Dollar, so visitors with this currency will not need to exchange their money.
Which country exports the most bananas?
Ecuador is the world’s top exporter of bananas, with four million metric tons of bananas leaving its shores every year. All by itself, Ecuador grows around 11 percent of the world’s bananas. For many years, bananas were the top non-oil export.
Why is Correa's economic growth important?
Under Correa, there has been significant economic growth, which is important, because the stability of Ecuador's government is often linked to the strength of its economy. Poverty has dropped from 45 percent to 25 percent, though this percentage is still high enough that you may see examples of poverty during your trip.
When did Ecuador start exporting oil?
In 1967 oil extraction began in earnest, and in 1971 Ecuador began exporting petroleum. Oil companies, especially Texaco (now owned by Chevron), have been met with strong international criticism for their lack of environmental standards.
What are the basic constitutional guidelines?
Basic constitutional guidelines regarding rights, constitutional guarantees, territorial organization of the state, development structure, and the good way of living system are outlined. Also discussed are international investment, food sovereignty, and drug liberalization. Government Type:
How many members are in the National Congress?
The national congress has 15 members who are elected through an open-list proportional representation system, 116 members who are elected by plurality vote in single-member constituencies, and 6 members who are elected by majority vote in mullti-member constituencies. 4 years. Regional Trade Blocs. CAN.
The Executive Branch of Government
- The executive branch of the government of Ecuador is headed by the president who is for a four-year term with a possibility or re-election but only once. The president is responsible for a public administration which includes the appointment of government officials like national coordinator…
The National Assembly of Ecuador
- The legislative branch if the government of Ecuador is embodied by the national assembly which consists of 130 assemblypersons. The national assembly replaced the National Congress in 2009. The national assembly is headed by the president of the national assembly and is elected to a four-year term. The assemblymen are divided into ten committees. The candidate to the Natio…
The Judicial Branch of Ecuador
- The Judicial Council is the main Ecuador’s judiciary and is made up of the National Court of Justice, Provincial Courts, and the Lower Courts. The Judicial Council makes the legal representation in Ecuador. The National Court of Justice is made up of twenty-one judges who are elected to a nine-year term and are renewed by thirds every three years. The office of the public …
The Electoral Branch
- The electoral system of Ecuador comes to play every four years, during a referendum or when an election occurs. The main functions of the electoral branch are to organize, conduct, and control elections and punish those who infringe on the electoral laws. The National Electoral Council is made up of seven members drawn from political bodies with most votes and enjoys financial an…
The Transparency and Social Control Branch
- The transparency and social control promote transparency and controls plan publicly as well as device ways of combating corruption and promoting accountability in the country. This branch of government is made up of Council of Citizens Participation and Social Control, the Comptroller General, the Ombudsman, and the Superintendent who hold the office for five years.