IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 — 0.00% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL5.09▲ 0.70% USD/MXN17.51▲ 0.71% USD/CLP946.27▲ 1.14% USD/COP3,231▲ 0.12% USD/PEN3.40▼ 0.16% USD/ARS1,486▲ 0.23% USD/UYU40.14▲ 1.16% USD/PYG6,035▲ 1.38% USD/BOB10.95▲ 2.82% USD/DOP57.92▼ 0.14% USD/CRC447.42▲ 1.36% USD/GTQ7.62▲ 2.31% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.79▼ 0.19% BRENT 86.72 ▼ 7.81% WTI 91.36 ▲ 5.22% IRON ORE 161.91 — — COPPER 6.38 ▼ 1.15% GOLD 4,045 ▼ 2.47% SILVER 57.42 ▼ 4.34% SOY 1,248 ▲ 1.18% CORN 487.50 ▲ 5.52% WHEAT 707.25 ▲ 0.21% COFFEE 311.65 ▼ 1.58% SUGAR 14.81 ▲ 0.47% ORANGE JUICE 146.00 ▼ 2.86% COTTON 81.49 ▲ 2.03% COCOA 5,279 ▼ 0.92% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 43.30 ▲ 1.69% VALE3 74.97 ▼ 0.17% ITUB4 42.53 ▼ 0.86% BBDC4 18.83 ▼ 0.74% ABEV3 16.07 ▼ 0.37% BBAS3 20.92 ▼ 0.81% B3SA3 15.76 ▼ 0.88% WEGE3 46.49 ▼ 0.53% PRIO3 61.09 ▲ 2.21% SUZB3 42.40 ▼ 0.61% RENT3 36.22 ▼ 2.48% AZZA3 17.45 ▼ 2.02% CSAN3 3.88 ▼ 1.02% RAIZ4 0.27 — 0.00% PCAR3 2.75 — 0.00% GMAT3 3.88 ▼ 0.77% PSSA3 55.15 ▼ 0.54% CVCB3 1.23 ▼ 3.15% POSI3 3.69 ▼ 0.27% SLCE3 13.91 ▼ 0.36% NATU3 8.62 ▼ 0.69% BRKM5 6.07 — 0.00% RANI3 7.99 ▼ 0.13% CSNA3 5.35 ▼ 0.56% CMIN3 5.81 ▼ 0.51% USIM5 8.60 ▼ 0.58% GGBR4 23.95 ▼ 0.46% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.15 ▼ 0.54% EQTL3 38.98 ▼ 0.94% LREN3 13.36 ▼ 1.33% VIVT3 35.19 ▼ 0.54% RAIL3 13.54 ▼ 0.73% KLABIN 17.87 ▼ 0.33% RAIA DROGASIL 18.17 ▼ 0.66% RDOR3 33.62 ▼ 2.52% HAPV3 11.29 ▼ 0.88% FLRY3 16.54 ▼ 0.66% SMTO3 16.01 ▼ 0.25% UGPA3 32.82 ▼ 0.03% VBBR3 34.84 ▼ 0.40% BBSE3 42.43 ▼ 0.35% BPAC11 56.38 ▼ 1.12% CURY3 29.68 ▼ 1.72% AERI3 2.05 — 0.00% VIVARA 21.24 ▼ 1.44% COMPASS 24.76 ▼ 0.20% VAMOS 3.21 ▼ 0.62% SANB11 26.86 ▼ 0.33% ASAI3 8.40 ▲ 1.82% SBSP3 28.87 ▼ 1.43% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 65,015 ▼ 1.64% ETH 1,900 ▼ 1.75% SOL 76.74 ▼ 1.50% XRP 1.11 ▼ 2.38% BNB 568.59 ▼ 0.38% ADA 0.17 ▼ 1.50% DOGE 0.07 ▼ 2.96% AVAX 6.46 ▼ 2.37% LINK 8.51 ▼ 1.35% DOT 0.81 ▼ 2.30% LTC 46.76 ▼ 0.66% BCH 214.70 ▼ 2.39% TRX 0.33 ▼ 0.75% XLM 0.18 ▼ 2.50% HBAR 0.07 ▼ 1.15% NEAR 1.88 ▲ 0.80% ATOM 1.44 ▼ 1.88% AAVE 95.69 ▼ 1.71% SELIC 14.25% EMBRAER 83.24 ▼ 0.66% EMBRAER ADR 66.05 ▲ 0.89% JBS 12.25 ▲ 2.51% JBS BDR 61.61 ▼ 0.31% MBRF3 15.96 ▼ 0.44% MBRFY 3.19 ▲ 8.14% INTER 5.69 ▲ 1.97% IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 — 0.00% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL 5.09 ▲ 0.70% USD/MXN 17.51 ▲ 0.71% USD/CLP 946.27 ▲ 1.14% USD/COP 3,231 ▲ 0.12% USD/PEN 3.40 ▼ 0.16% USD/ARS 1,486 ▲ 0.23% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,035 ▲ 1.38% USD/BOB 10.95 ▲ 2.82% USD/DOP 57.92 ▼ 0.14% USD/CRC 447.42 ▲ 1.36% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.36% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.79 ▼ 0.19% BRENT 86.72 ▼ 7.81% WTI 91.36 ▲ 5.22% IRON ORE 161.91 — — COPPER 6.38 ▼ 1.15% GOLD 4,045 ▼ 2.47% SILVER 57.42 ▼ 4.34% SOY 1,248 ▲ 1.18% CORN 487.50 ▲ 5.52% WHEAT 707.25 ▲ 0.21% COFFEE 311.65 ▼ 1.58% SUGAR 14.81 ▲ 0.47% ORANGE JUICE 146.00 ▼ 2.86% COTTON 81.49 ▲ 2.03% COCOA 5,279 ▼ 0.92% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 43.30 ▲ 1.69% VALE3 74.97 ▼ 0.17% ITUB4 42.53 ▼ 0.86% BBDC4 18.83 ▼ 0.74% ABEV3 16.07 ▼ 0.37% BBAS3 20.92 ▼ 0.81% B3SA3 15.76 ▼ 0.88% WEGE3 46.49 ▼ 0.53% PRIO3 61.09 ▲ 2.21% SUZB3 42.40 ▼ 0.61% RENT3 36.22 ▼ 2.48% AZZA3 17.45 ▼ 2.02% CSAN3 3.88 ▼ 1.02% RAIZ4 0.27 — 0.00% PCAR3 2.75 — 0.00% GMAT3 3.88 ▼ 0.77% PSSA3 55.15 ▼ 0.54% CVCB3 1.23 ▼ 3.15% POSI3 3.69 ▼ 0.27% SLCE3 13.91 ▼ 0.36% NATU3 8.62 ▼ 0.69% BRKM5 6.07 — 0.00% RANI3 7.99 ▼ 0.13% CSNA3 5.35 ▼ 0.56% CMIN3 5.81 ▼ 0.51% USIM5 8.60 ▼ 0.58% GGBR4 23.95 ▼ 0.46% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.15 ▼ 0.54% EQTL3 38.98 ▼ 0.94% LREN3 13.36 ▼ 1.33% VIVT3 35.19 ▼ 0.54% RAIL3 13.54 ▼ 0.73% KLABIN 17.87 ▼ 0.33% RAIA DROGASIL 18.17 ▼ 0.66% RDOR3 33.62 ▼ 2.52% HAPV3 11.29 ▼ 0.88% FLRY3 16.54 ▼ 0.66% SMTO3 16.01 ▼ 0.25% UGPA3 32.82 ▼ 0.03% VBBR3 34.84 ▼ 0.40% BBSE3 42.43 ▼ 0.35% BPAC11 56.38 ▼ 1.12% CURY3 29.68 ▼ 1.72% AERI3 2.05 — 0.00% VIVARA 21.24 ▼ 1.44% COMPASS 24.76 ▼ 0.20% VAMOS 3.21 ▼ 0.62% SANB11 26.86 ▼ 0.33% ASAI3 8.40 ▲ 1.82% SBSP3 28.87 ▼ 1.43% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 65,015 ▼ 1.64% ETH 1,900 ▼ 1.75% SOL 76.74 ▼ 1.50% XRP 1.11 ▼ 2.38% BNB 568.59 ▼ 0.38% ADA 0.17 ▼ 1.50% DOGE 0.07 ▼ 2.96% AVAX 6.46 ▼ 2.37% LINK 8.51 ▼ 1.35% DOT 0.81 ▼ 2.30% LTC 46.76 ▼ 0.66% BCH 214.70 ▼ 2.39% TRX 0.33 ▼ 0.75% XLM 0.18 ▼ 2.50% HBAR 0.07 ▼ 1.15% NEAR 1.88 ▲ 0.80% ATOM 1.44 ▼ 1.88% AAVE 95.69 ▼ 1.71% SELIC 14.25% EMBRAER 83.24 ▼ 0.66% EMBRAER ADR 66.05 ▲ 0.89% JBS 12.25 ▲ 2.51% JBS BDR 61.61 ▼ 0.31% MBRF3 15.96 ▼ 0.44% MBRFY 3.19 ▲ 8.14% INTER 5.69 ▲ 1.97%
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Thursday, July 23, 2026

Ecuador Deploys 75,000 in U.S.-Backed Drug War

By · March 16, 2026 · 3 min read

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Key Points

Ecuador deployed 75,000 police and military personnel for a two-week anti-narcotics offensive running through March 31, with U.S. advisory and intelligence support

Nighttime curfews are in effect across four coastal provinces — Guayas, El Oro, Santo Domingo, and Los Ríos — with violators facing one to three years in prison

The operation follows a record 9,235 homicides in Ecuador in 2025, with the country serving as a transit point for an estimated 70% of global cocaine shipments

Ecuador launched its largest Ecuador military operation against drug trafficking on Sunday night, deploying 75,000 soldiers and police officers in a two-week offensive backed by the United States that will run through March 31. The campaign, accompanied by nighttime curfews in four of the country’s most violent coastal provinces, represents a dramatic escalation in President Daniel Noboa‘s war against the narco-trafficking networks that have turned the small Andean nation into one of Latin America’s deadliest countries. The Rio Times, the Latin American financial news outlet, covers Latin America security developments and their impact on the region’s investment climate.

Ecuador Military Operation Targets Coastal Drug Routes

Interior Minister John Reimberg confirmed that operations began Sunday night with a concentrated deployment across Guayas, El Oro, Santo Domingo de los Tsáchilas, and Los Ríos — provinces that straddle the country’s key cocaine transit corridors between Colombia’s production zones and Pacific seaports. The deployment includes armored vehicle convoys, motorcycles, helicopters, and drones, with checkpoints and verification stations positioned to prevent criminal groups from relocating during nighttime curfew hours. Violators face prison sentences of one to three years.

Ecuador Deploys 75,000 in U.S.-Backed Drug War. (Photo Internet reproduction)
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The scale of the Ecuador military operation reflects the depth of the security crisis. Ecuador closed 2025 with 9,235 homicides, a national record driven by turf wars between criminal organizations competing to control drug transit routes. According to President Noboa, approximately 70% of the world’s cocaine passes through Ecuadorian ports, a claim that underscores the country’s position between Colombia and Peru, the planet’s two largest cocaine producers.

U.S. Boots on the Ground for the First Time

The operation marks the first acknowledged deployment of U.S. military forces on the ground in a Latin American anti-narcotics campaign under the current administration. U.S. Southern Command confirmed that joint operations began on March 3, with American personnel providing advisory support, intelligence, and logistical assistance to Ecuadorian forces. General Francis Donovan, Southern Command chief, described Ecuador as one of Washington’s strongest partners in disrupting narco-terrorist organizations.

While the Ecuadorian government has not confirmed direct U.S. troop participation in raids, reporting from The New York Times indicated that American soldiers are embedded with Ecuadorian units, assisting in operational planning. The partnership sits within the broader “Shield of the Americas” coalition of 17 countries formed at a Miami summit earlier this month under U.S. leadership. Last week, Ecuadorian forces bombed a FARC dissident training camp near the Colombian border with U.S. support, and Europol simultaneously dismantled a cocaine-trafficking network linked to Ecuador’s Los Lobos cartel, seizing four tonnes of cocaine across Ecuador, Belgium, and the Netherlands.

Political Stakes and Regional Friction

Noboa’s alignment with Washington carries domestic risks. Ecuadorians voted against the return of foreign military bases in a referendum Noboa himself promoted, and press restrictions on coverage of the military operations have drawn criticism from transparency advocates. The president has framed the campaign as existential, telling citizens to stay home and declaring the country is at war. The offensive also comes amid an escalating trade dispute with Colombia, which Noboa has accused of failing to control drug production. Ecuador imposed 30% tariffs on Colombian imports in February, since raised to 50%, prompting Colombian retaliation including suspension of electricity exports — a conflict that threatens to destabilize commerce across the northern Andes at a moment when both economies can least afford it.

Deep Dive

Ecuador Colombia Crisis 2026: Complete Guide

The full timeline: from the 30% security tariff in January to 100% trade war, border bombings, CAN collapse, and what the May 31 election means for both countries.

Read the Complete Guide →

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