• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Ecuadorean presidential candidate Yaku Perez, wearing a bulletproof vest, gestures during a closing campaign rally, in Quito, Ecuador, August 17, 2023. REUTERS/Henry Romero
Ecuadorean presidential candidate Yaku Perez, wearing a bulletproof vest, gestures during a closing campaign rally, in Quito, Ecuador, August 17, 2023. REUTERS/Henry Romero
Ecuadorean presidential candidate Yaku Perez, and his running mate Nory Pinela, both wearing bulletproof vests, pose during a closing campaign rally, in Quito, Ecuador, August 17, 2023. REUTERS/Henry Romero
Ecuadorean presidential candidate Yaku Perez, and his running mate Nory Pinela, both wearing bulletproof vests, pose during a closing campaign rally, in Quito, Ecuador, August 17, 2023. REUTERS/Henry Romero
Ecuadorean presidential candidate Yaku Perez, wearing a bulletproof vest, speaks during a closing campaign rally, in Quito, Ecuador, August 17, 2023. REUTERS/Henry Romero
Ecuadorean presidential candidate Yaku Perez, wearing a bulletproof vest, speaks during a closing campaign rally, in Quito, Ecuador, August 17, 2023. REUTERS/Henry Romero
Home
World
Americas

Ecuador's Perez to review mining contracts suspected of polluting if elected

August 18th, 2023 | 14:42 PM WORLD Americas 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Brazil to keep fiscal framework, spending restraint under new Lula term, minister says
Mexico pushes back on US ruling on strawberry dumping
Bus-truck head-on collision in Parana, Brazil kills at least 21
Brazil's Bolsonaro campaign adds Sachsida, market figures to policy team
By Alexandra Valencia

Ecuadorean Indigenous presidential candidate Yaku Perez would revise mining concessions that do not comply with environmental and social rules and would ask creditors for breathing room amid spiking violence, he told Reuters in an interview.

More than 13 million Ecuadoreans are eligible to head to polls on Sunday in a contest that has been marred by the murder of anti-corruption candidate Fernando Villavicencio, highlighting sharply deteriorated security which the current government blames on drug traffickers.

Candidates have pledged to fight crime and improve the struggling economy, amid unemployment woes which have increased migration.

Mining is a top contributor to Ecuador's economy, but Perez, an erstwhile water activist, said late on Thursday he would ask the country's comptroller to review contracts suspected of polluting, to define their continuity under Ecuadorean law.

Ecuador has abundant mineral reserves, but has lagged behind regional neighbors like Peru and Chile in developing large-scale projects because of resistance from Indigenous communities and judicial decisions that have stymied development.

"If there are audits that say they are contaminating the environment, that they are poisoning water, that they haven't done prior consultations (with communities)...they will need to be revised," Perez said. "If they have complied with social and environmental licenses they will continue."

"We are not going to premeditatedly pursue (miners), but there must be responsibility," he said. "I respect legal guarantees."

He would also push a constitutional reform to bar mining in areas with lakes, rivers and other water sources, first by sending it to the national assembly, and then, in case of failure, to voters via a referendum.

Perez supports two environmental efforts also on the ballot on Sunday - one to shutter an oil block in a megadiverse part of the Amazon and a local bid to bar mining in a forest near Quito.

Perez, who was polling in the top five of eight candidates, said he would trace corrupt funds through an expert commission backed by the United Nations, which will review contracts from the last 20 years.

"If we correct the distortions, the corruption, if we charge taxes to the defaulters we won't need new loans," said Perez, who came a surprise third in elections in 2021.

He would approach Ecuador's multilateral creditors and bondholders to ask for payment extensions because of the difficult economic and security situation, he said.

"We have to tell them that this is a very difficult time to pay foreign debt, that we recognize them and will pay...but first allow me to get the country started on economic growth and a reduction in poverty."

Ecuador has leaned on international financing since its economy was battered by the COVID pandemic. The country concluded a credit agreement for $6.5 billion with the International Monetary Fund at the end of last year.

"We are in a spiral of violence: there is no work, there is no education, people are fleeing the country," he said. "Hopefully they will understand."

Perez pledged to make agriculture - not oil, the country's top source of income - Ecuador's economic driver, creating 500,000 jobs.

Better social programs and data-based security programs are also on his agenda if elected, he said.

"We must get back control of the borders where drugs come through, get back control of the Ecuadorean coasts where drugs leave and get back control of the prisons from which crimes are ordered," he said.

  • Topic
  • Ecuador
  • ELECTION/PEREZ (PIX,TV)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Brazil to keep fiscal framework, spending restraint under new Lula term, minister says

Related Posts

Americas
August 20th, 2026

Brazil to keep fiscal framework, spending restraint under new Lula term,...

Americas
August 19th, 2026

Mexico pushes back on US ruling on strawberry dumping

Americas
August 19th, 2026

Bus-truck head-on collision in Parana, Brazil kills at least 21

Americas
August 18th, 2026

Brazil's Bolsonaro campaign adds Sachsida, market figures to policy team

Americas
August 18th, 2026

Bolivia lawmakers likely force economy minister's removal in setback for...

Americas
August 18th, 2026

Adviser to Bolivia's Paz, Argentina's Milei detained over attack on anal...

The Wire
Aug 20th 1 h ago
Americas

Brazil to keep fiscal framework, spending restraint under n...

Aug 20th 1 h ago
Asia Pacific

Bangladesh elects ruling party veteran Alamgir as president

Aug 20th 1 h ago
Europe

Romania destroys marine drone near Neptun Deep gas project,...

Aug 20th 1 h ago
World

Kremlin says ousted Ukrainian minister's call for elections...

Aug 20th 1 h ago
Middle East

US envoy Huckabee tells Israeli settlers not to take Palest...

TRENDING ON FINANCETIME
Aug 20th, 2026 Energy

EU not concerned about gas supply or storage filling, Commission says

Aug 20th, 2026 Litigation

Novonesis expects results from weight-loss drug supplement study in 2027

Aug 20th, 2026 Retail & Consumer

Ocado confirms Denmark's nemlig as latest European partner

Aug 20th, 2026 Government

Bitcoin, crypto shares climb after Trump pushes Clarity Act

Aug 20th, 2026 Business

Walmart reports rare comparable sales miss as consumers cut spending, shares fall

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT