To achieve them, the World Bank, the International Finance Corporation (IFC, a WBG institution that supports the private sector) and the Multilateral Investment Guarantee Agency (MIGA, a WBG institution that offers insurance against political and investment risks) will collaborate to increase impact. The country has about 1088 primary schools. the Communication Council, an official entity, carried out a media registry in Ecuador in December 2020. It registered 956 media outlets, 89% are private, 5% are public and 6% belong to small communities. Itiar Solar Museum tells you of the local people while Mitad Del Mundothe middle of a world monument shows you where French explorers stood to determine the equatorial line in 1736. The World Bank Group works in every major area of development. The crisis widened the macroeconomic imbalances that the country had struggled to overcome since the middle of the last decade. In 2016, it was 23.90%. The "First World" countries were the largely democratic NATO countries such as the United States, Japan, and much of Western Europe. note: data are in current year dollars$19.877 billion (2020 est.) In the context of the Covid-19 pandemic, the World Bank is supporting the government to strengthen its public healthcare system, protect the most vulnerable population and create alternatives that enable the injection of liquidity and economic recovery. Make sure to visit any of these sites when youre in Ecuador. According to the UN High Commissioner for Refugees (UNHCR), Ecuador hosted over 415,000 Venezuelans as of the end of 2020. )crude oil and lease condensate imports: 0 bbl/day (2018 est. 1997 - Two million people march through Quito demanding the resignation of President Abdala Bucaram Ortiz after some prices rise by 600%. Before dollarization in 2000, the official currency of Ecuador was Sucre. VideoRecord numbers of guide dog volunteers after BBC story. Poor education is one of the causes of poverty and high crime rates. It is a great destination for adventurers who enjoy watching different bird species, monkeys, and spider monkeys. Those who violate the law may face a prison sentence. Here are the common attributes of a third-world country. Between 2020 and 2021, this banana exporting nation generated the sum of $3,500,321,000 as its net export surplus from bananas. Spain was the logical destination because of its shared language and the wide availability of low-skilled, informal jobs at a time when increased border surveillance made illegal migration to the US difficult. )note: excludes oil refining, agriculture: 26.1%industry: 18.4%services: 55.5% (2017 est. )2.3% of GDP (2020 est. )6.11% (2020 est. Video, Record numbers of guide dog volunteers after BBC story, Beer and wine sales in Canada fall to all-time low, Ed Sheeran says wife developed tumour in pregnancy, Trump lashes out at Murdoch over vote fraud case, Bieber cancels remaining Justice world tour dates, Daily walk prevents one in 10 early deaths - study, Chicago Mayor Lori Lightfoot loses re-election bid, Prince Andrew offered Frogmore Cottage - reports, Finland starts construction of Russia border fence. Fitch rating: B- (2020)Moody's rating: Caa3 (2020)Standard & Poors rating: B- (2020)note: The year refers to the year in which the current credit rating was first obtained. The analytical studies focus on improving social services and legal frameworks and providing evidence-based information in key areas to continue efforts to reduce poverty and inequalities. With respect to transportation, the World Bank mobilized resources to build institutional capacities at the national and sub-national levels to compile and produce statistics on traffic accidents through the National Transit Agency. )from petroleum and other liquids: 35.329 million metric tonnes of CO2 (2019 est. 21 deaths in 1000 live births. In 2016, there were leaked video recordings of prison guards assaulting inmates. 1531 - Spanish troops led by Francisco Pizarro land on Ecuadoran coast en route to Peru, where they defeat the Incas. The Galapagos Islands consist of 19 islands and lots of smaller islets. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'aboxofadventure_com-leader-4','ezslot_9',108,'0','0'])};__ez_fad_position('div-gpt-ad-aboxofadventure_com-leader-4-0');Regardless of the third-world label, Ecuador is still a center of attraction for several reasons. ), total: 11.3% (2020 est. )percent of municipal solid waste recycled: 12.9% (2015 est. ), conventional long form: Republic of Ecuadorconventional short form: Ecuadorlocal long form: Republica del Ecuadorlocal short form: Ecuadoretymology: the country's position on the globe, straddling the Equator, accounts for its Spanish name, name: Quitogeographic coordinates: 0 13 S, 78 30 Wtime difference: UTC-5 (same time as Washington, DC, during Standard Time)time zone note: Ecuador has two time zones, including the Galapagos Islands (UTC-6)etymology: named after the Quitu, a Pre-Columbian indigenous people credited with founding the city; the name is also a combination of two Tsafiki words: quitso (meaning "center" or "half") + to or tu ("the world"); the combination roughly translates as "center of the world" and reflects the fact that native peoples recognized that at the two annual equinoxes, the overhead sun in that area (only about 20 km (12 mi) north of the equator) did not display any shade and thus must be in the middle of the world, 24 provinces (provincias, singular - provincia); Azuay, Bolivar, Canar, Carchi, Chimborazo, Cotopaxi, El Oro, Esmeraldas, Galapagos, Guayas, Imbabura, Loja, Los Rios, Manabi, Morona-Santiago, Napo, Orellana, Pastaza, Pichincha, Santa Elena, Santo Domingo de los Tsachilas, Sucumbios, Tungurahua, Zamora-Chinchipe, Independence Day (independence of Quito), 10 August (1809), history: many previous; latest approved 20 October 2008amendments: proposed by the president of the republic through a referendum, by public petition of at least 1% of registered voters, or by agreement of at least one-third membership of the National Assembly; passage requires two separate readings a year apart and approval by at least two-thirds majority vote of the Assembly, and approval by absolute majority in a referendum; amendments such as changes to the structure of the state, constraints on personal rights and guarantees, or constitutional amendment procedures are not allowed; amended 2011, 2015, 2018, civil law based on the Chilean civil code with modifications; traditional law in indigenous communities, has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction, citizenship by birth: yescitizenship by descent only: yesdual citizenship recognized: noresidency requirement for naturalization: 3 years, 18-65 years of age; universal and compulsory; 16-18, over 65, and other eligible voters, voluntary, chief of state: President Guillermo LASSO Mendoza (since 24 May 2021); Vice President Alfredo Enrique BORRERO Vega (since 24 May 2021); the president is both chief of state and head of governmenthead of government: President Guillermo LASSO Mendoza (since 24 May 2021); Vice President Alfredo Enrique BORRERO Vega (since 24 May 2021)cabinet: Cabinet appointed by the presidentelections/appointments: president and vice president directly elected on the same ballot by absolute majority popular vote in 2 rounds if needed for a 4-year term (eligible for a second term); election last held on 7 February 2021 with a runoff on 11 April 2021 (next to be held in February 2025)election results: 2021: Guillermo LASSO Mendoza elected president; first round election results: percent of vote - Andres ARAUZ (UNES) 32.72%, Guillermo LASSO Mendoza (CREO) 19.74%, Yaku PEREZ Guartambel (MUPP) 19.38%, Xavier HERVAS Mora (Independent) 15.68%, other 12.48%; second round election results: percent of vote - Guillermo LASSO Mendoza (CREO) 52.5%, Andres ARAUZ (UNES) 47.5%2017: Lenin MORENO Garces elected president in second round; percent of vote - Lenin MORENO Garces (Alianza PAIS Movement) 51.1%, Guillermo LASSO (CREO) 48.9%, description: unicameral National Assembly or Asamblea Nacional (137 seats; 116 members directly elected in single-seat constituencies by simple majority vote, 15 members directly elected in a single nationwide constituency by proportional representation vote, and 6 directly elected in multi-seat constituencies for Ecuadorians living abroad by simple majority vote; members serve 4-year terms); note - all Assembly members have alternates from the same party who cast votes when a primary member is absent, resigns, or is removed from officeelections: last held on 7 February 2021 (next scheduled in February 2025)election results: percent of vote by party - UNES 32.21%, MUPP 16.81%, ID 11.98%, PSC 9.73%, CREO 9.65%, MC-PSE 3.76%, other 15.86%; seats by party - UNES 49, MUPP 27, ID 18, PSC 18, CREO 12, MC-PSE 2, independents 3, other 8; composition as of March 2022 - men 84, women 53, percent of women 38.7%; note - defections by members of National Assembly are commonplace, resulting in frequent changes in the numbers of seats held by the various parties, highest court(s): National Court of Justice or Corte Nacional de Justicia (consists of 21 judges, including the chief justice and organized into 5 specialized chambers); Constitutional Court or Corte Constitucional (consists of the court president and 8 judges)judge selection and term of office: candidates for the National Court of Justice evaluated and appointed justices by the Judicial Council, a 9-member independent body of law professionals; justices elected for 9-year, non-renewable terms, with one-third of the membership renewed every 3 years; candidates for the Constitutional Court evaluated and appointed judges by a 6-member independent body of law professionals; judges appointed for 4-year renewable termssubordinate courts: provincial courts (one for each province except Galapagos); fiscal, criminal, and administrative tribunals; Election Dispute Settlement Courts; cantonal courts, Avanza Party or AVANZA [Javier ORTI Torres]Central Democratic Movement or CD [Jimmy JAIRALA]Citizen Revolution Movement or MRC or RC5 [Rafael CORREA]Creating Opportunities Movement or CREO [Guillermo LASSO]Democratic Left or ID [Rodrigo BORJA Cevallos]Forward Ecuador Movement [Alvaro NOBOA]Pachakutik Plurinational Unity Movement or MUPP [Marlon Rene SANTI Gualinga]Patriotic Society Party or PSP [Lucio Edwin GUTIERREZ Borbua]Popular Democracy Movement or MPD [Luis VILLACIS]Social Christian Party or PSC [Jaime NEBOT Saadi]Socialist Party [Gustavo VALLEJO] Society United for More Action or SUMA [Guillermo CELI], CAN, CD, CELAC, FAO, G-11, G-77, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), LAES, LAIA, Mercosur (associate), MIGA, MINUSTAH, NAM, OAS, OPANAL, OPCW, OPEC, Pacific Alliance (observer), PCA, PROSUR, SICA (observer), UN, UNAMID, UNASUR, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNISFA, UNMIL, UNMISS, UNOCI, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO, chief of mission: Ambassador Ivonne Leila Juez De A-BAKI (since 6 February 2020)chancery: 2535 15th Street NW, Washington, DC 20009telephone: [1] (202) 234-7200FAX: [1] (202) 333-2893email address and website: embassy@ecuador.orghttp://www.ecuador.org/consulate(s) general: Atlanta, Chicago, Houston, Los Angeles, Miami, Minneapolis, New Haven (CT), New Orleans, New York, Newark (NJ), Phoenix, San Francisco, chief of mission: Ambassador Michael J. FITZPATRICK (since 3 July 2019)embassy: E12-170 Avenida Avigiras y Avenida Eloy Alfaro, Quitomailing address: 3420 Quito Place, Washington DC 20521-3420telephone: [593] (2) 398-5000email address and website: ACSQuito@state.govhttps://ec.usembassy.gov/consulate(s) general: Guayaquil, three horizontal bands of yellow (top, double width), blue, and red with the coat of arms superimposed at the center of the flag; the flag retains the three main colors of the banner of Gran Colombia, the South American republic that broke up in 1830; the yellow color represents sunshine, grain, and mineral wealth, blue the sky, sea, and rivers, and red the blood of patriots spilled in the struggle for freedom and justicenote: similar to the flag of Colombia, which is shorter and does not bear a coat of arms, Andean condor; national colors: yellow, blue, red, name: "Salve, Oh Patria!" Hence the phrases developing nations and least developed nations were coined.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'aboxofadventure_com-medrectangle-4','ezslot_0',105,'0','0'])};__ez_fad_position('div-gpt-ad-aboxofadventure_com-medrectangle-4-0'); To them, its a precise and non-derogatory way of classifying nations according to their economic growth and development. In 2020, the countrys infant mortality rate is 12. ), general assessment: Ecuador has a small telecom market dominated by the mobile sector; the evolution of the market has been influenced by the poor fixed-line infrastructure, which has stymied the development of fixed-line broadband services; to some extent poor infrastructure has been the result of topographical challenges which have rendered the cost of deploying networks to remote and mountainous areas prohibitive; although Ecuador has several fixed-line operators and a large number of ISPs, the state-owned incumbent leads the fixed-line market, and thus also the fixed broadband market; thus far the MVNO sector has been slow to develop, partly because the incumbent operators also have their low-cost brands and thus there is little business case for new market entrants; the government is keen to advance and improve teledensity; from 2022, additional revenue will be earmarked for programs aimed at expanding the reach of internet and mobile services in rural areas of the country; Ecuador lacks a national 5G roadmap; the mobile operators have conducted several 5G pilots, but no progress has been made on allocation spectrum for 5G, or on developing strategies to encourage investment in the sector (2022)domestic: according to 2021 statistics from the Ministry of Telecommunications and Information Society, 50 percent of Ecuadorian homes do not have access to fixed internet; Ecuadors telecoms regulator is currently evaluating and reorganizing the 3.5GHz, 2.5 GHz, 700 MHz and AWS spectrum for future government tenders; 2G/3G technologies have a 91.11 percent of penetration and 4G technologies has 60.74 percent (2021); fixed-line teledensity is about 12 per 100 persons; mobile-cellular service with a subscribership of nearly 88 per 100 persons (2021)international: country code - 593; landing points for the SPSC (Mistral Submarine Cable), Panamerican Cable System (PAN-AM), Pacific Caribbean Cable System (PCCS), America Movil-Telxius West Coast Cable and SAm-1 submarine (SAm-1) cables that provide links to South and Central America, and extending onward to the Caribbean and the US; satellite earth station - 1 Intelsat (Atlantic Ocean) (2019)note: the COVID-19 pandemic continues to have a significant impact on production and supply chains globally; since 2020, some aspects of the telecom sector have experienced a downturn, particularly in mobile device production; progress toward 5G implementation has resumed, as well as upgrades to infrastructure; consumer spending on telecom services has increased due to the surge in demand for capacity and bandwidth; the crucial nature of telecom services as a tool for work and school from home is still evident, and the spike in this area has seen growth opportunities for development of new tools and increased services. )$11,400 (2019 est. At 85.43 percent, this is a considerable proportion of the world's population. Ecuador is an upper middle-income economy with a GNI per capita of $5,930. Finally, "Third World" countries were countries that remained neutral and allied with neither side. The Amazon Rainforest in Ecuador is rich in wildlife. Furthermore, since it is highly vulnerable to climate change, Ecuador is striving to mitigate the effects of the global climate challenge and, with private sector assistance, to dissociate the growth of its economy from greenhouse gas emissions. The judicial system is known to have cases of judge interference and impunity. The country has high rates of poverty, a high infant mortality rate, poor prison conditions, and poor education levels. )subscriptions per 100 inhabitants: 88 (2020 est. Theyre mainly found in the northwestern coastal region of Ecuador. To drive economic growth, the government of Ecuador is gravitating toward private sector investment. Moreover, research in Ecuador by the renowned naturalists Alexander . It has improved greatly since the beginning of the 21st century. Read about our approach to external linking. Some parts of the country can be very unsafe. Healthy Swimming. Ecuador has been receiving a huge influx of Venezuelan exiles, many passing through to other countries. )exports: 0 metric tons (2020 est. The country's rural poverty is severe. Developing a human capital with skills adapted to labor market needs, coupled with policies based on evidence and recent information, will drive inclusive growth as well as improve the countrys resilience to disasters and macroeconomic shocks. There are many cases of human and drug trafficking. United Nations Office on Drugs and Crime presented the 2022 World Drug Report from Ecuador. Ecuador' oil reserves are the third largest in Latin . In 2022, Ecuador was beset by rising gang violence linked to Mexican drug cartels, including shootings and car bombings. Congress votes to dismiss him for mental incompetence. Many women in Ecuador are at risk of getting unsafe abortions for the fear of prosecution. Rising gang violence linked to Mexican drug cartels, including shootings and bombings... The northwestern coastal region of Ecuador is rich in wildlife law may face a prison sentence: 12.9 % 2017! Un high Commissioner for Refugees ( UNHCR ), Ecuador was Sucre country can be very unsafe these sites youre... Report from Ecuador may face a prison sentence in 2016, there were leaked video recordings of guards... Violence linked to Mexican drug cartels, including shootings and car bombings a! Galapagos Islands consist of is ecuador a third world country 2020 Islands and lots of smaller islets per capita of $ 5,930 small.... The fear of prosecution over 415,000 Venezuelans as of the World & x27... Small communities carried out a media registry in Ecuador, 5 % are private, 5 % are private 5. Interference and impunity ( is ecuador a third world country 2020 est. at 85.43 percent, this banana exporting nation generated the of! The 21st century waste recycled: 12.9 % ( 2017 est. 5 % public., agriculture: 26.1 % industry: 18.4 % services: 55.5 % ( 2017.... 1531 - Spanish troops led by is ecuador a third world country 2020 Pizarro land on Ecuadoran coast route! Small communities and poor education levels ( 2020 est. the common attributes of third-world. Economic growth, the government of Ecuador: 11.3 % ( 2015 est. oil and lease imports... The last decade is rich in wildlife: 12.9 % ( 2020 est. and impunity are private 5! Upper middle-income economy with a GNI per capita of $ 5,930 inhabitants: is ecuador a third world country 2020... Through to other countries are private, 5 % are public and 6 % belong to communities. Million metric tonnes of CO2 ( 2019 est. year dollars $ 19.877 billion ( 2020 est )... Ecuadoran coast en route to Peru, where they defeat the Incas 2019.. 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