IBOV 175,017.19 ▼ 0.56% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.39% USD/MXN17.44▲ 0.32% USD/CLP927.20▲ 0.13% USD/COP3,222▼ 1.16% USD/PEN3.39▲ 0.28% USD/ARS1,474▼ 0.14% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.14▼ 0.19% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.83▲ 0.40% BRENT 84.92 ▼ 0.04% WTI 78.86 ▼ 0.93% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.79% GOLD 3,995 ▼ 1.20% SILVER 56.33 ▼ 1.37% SOY 1,197 ▼ 0.46% CORN 463.75 ▲ 3.63% WHEAT 673.50 ▼ 0.59% COFFEE 312.85 ▼ 6.46% SUGAR 14.48 ▼ 2.49% ORANGE JUICE 135.50 ▼ 2.41% COTTON 79.07 ▼ 1.85% COCOA 5,378 ▼ 6.26% BEEF 222.78 ▼ 3.19% CATTLE 344.70 ▼ 1.50% LITHIUM 69.09 ▼ 2.77% PETR4 40.65 ▲ 0.15% VALE3 72.91 ▼ 2.15% ITUB4 42.63 ▼ 1.18% BBDC4 18.36 ▼ 1.29% ABEV3 15.69 ▲ 0.77% BBAS3 20.58 ▲ 0.15% B3SA3 15.41 ▼ 1.78% WEGE3 43.83 ▼ 0.97% PRIO3 57.79 ▲ 0.50% SUZB3 42.05 ▲ 1.37% RENT3 39.63 ▼ 1.78% AZZA3 18.60 ▼ 0.32% CSAN3 3.93 — 0.00% RAIZ4 0.29 — 0.00% PCAR3 2.67 ▲ 1.91% GMAT3 3.93 ▼ 1.26% PSSA3 55.08 ▼ 0.25% CVCB3 1.36 ▲ 1.49% POSI3 3.87 ▼ 2.03% SLCE3 13.65 ▲ 1.11% NATU3 8.60 ▼ 0.81% BRKM5 6.14 ▼ 4.21% RANI3 8.09 ▲ 1.38% CSNA3 5.19 ▼ 0.95% CMIN3 5.49 ▲ 4.77% USIM5 8.23 ▲ 0.37% GGBR4 24.16 ▼ 0.17% ENEV3 26.18 ▼ 2.86% CPFE3 46.80 ▼ 0.06% CMIG4 11.05 ▼ 0.90% EQTL3 39.99 ▼ 0.84% LREN3 13.77 ▼ 2.34% VIVT3 35.55 ▲ 0.23% RAIL3 14.04 ▼ 0.21% KLABIN 17.51 ▲ 0.69% RAIA DROGASIL 18.67 — 0.00% RDOR3 35.73 ▼ 0.78% HAPV3 10.75 ▼ 2.18% FLRY3 16.37 ▼ 0.85% SMTO3 15.78 ▲ 1.61% UGPA3 31.90 ▲ 2.57% VBBR3 34.36 ▲ 1.81% BBSE3 40.97 ▲ 0.64% BPAC11 56.74 ▼ 0.53% CURY3 32.04 ▼ 2.11% AERI3 2.02 — 0.00% VIVARA 23.28 ▼ 1.02% COMPASS 25.00 ▼ 0.44% VAMOS 3.19 ▲ 2.24% SANB11 26.89 ▼ 0.41% ASAI3 8.54 ▼ 1.39% SBSP3 29.84 ▼ 0.47% WALMEX 49.31 ▼ 0.78% GMEXICO 200.54 ▲ 0.16% FEMSA 223.91 ▲ 0.45% CEMEX 22.88 ▲ 1.15% GFNORTE 180.09 ▼ 1.84% BIMBO 59.04 ▲ 2.64% TELEVISA 9.54 ▼ 0.21% AMX 22.90 ▲ 0.44% GAP 393.23 ▼ 0.97% ASUR 281.59 ▼ 0.66% OMA 232.76 ▼ 1.04% KOF 178.66 ▲ 0.96% GRUMA 285.53 ▲ 1.49% KIMBER 38.71 ▲ 0.13% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,300 ▼ 0.32% GGAL 7,970 ▼ 2.86% PAMPA 5,130 ▼ 2.10% TXAR 668.00 ▼ 0.45% ALUAR 955.00 ▼ 0.47% TGS 9,625 ▼ 1.28% CEPU 2,291 ▼ 2.26% MIRGOR 16,700 ▼ 1.62% COME 44.87 ▼ 1.67% LOMA NEGRA 3,620 ▲ 0.21% BYMA 302.00 ▼ 0.66% TELECOM ARG 4,255 ▼ 1.39% ECOPETROL 15.95 ▼ 0.19% BANCOLOMBIA 79.35 ▼ 2.70% GRUPO AVAL 4.96 ▼ 1.39% CREDICORP 391.39 ▼ 1.71% SOUTHERN COPPER 176.05 ▼ 3.02% BUENAVENTURA 30.21 ▼ 1.63% MERCADOLIBRE 1,843 ▼ 0.02% NUBANK 13.86 ▼ 0.18% XP 16.69 ▼ 1.10% PAGSEGURO 9.20 ▼ 0.16% STONE 11.20 ▼ 0.75% GLOBANT 33.32 ▲ 4.19% TECNOGLASS 46.98 ▲ 2.86% GAP AIRPORT 225.00 ▼ 1.23% ASUR 281.59 ▼ 0.66% OMA AIRPORT 107.22 ▼ 0.63% AMX ADR 26.18 ▲ 0.27% FEMSA ADR 128.39 ▼ 0.30% CEMEX ADR 13.15 ▲ 0.61% PETROBRAS ADR 17.72 ▼ 0.81% VALE ADR 14.26 ▼ 2.83% ITAU ADR 8.33 ▼ 1.48% SANTANDER BR 5.30 ▼ 1.03% AMBEV ADR 3.07 ▲ 1.22% CSN 1.02 ▼ 0.97% GERDAU 4.76 ▼ 0.94% LATAM ADR 53.77 ▼ 2.00% BTC 64,383 ▼ 0.51% ETH 1,875 ▼ 2.19% SOL 76.15 ▼ 1.44% XRP 1.11 ▼ 0.47% BNB 576.72 ▼ 0.58% ADA 0.16 ▼ 1.33% DOGE 0.07 ▼ 0.98% AVAX 6.59 ▼ 1.58% LINK 8.42 ▼ 1.36% DOT 0.84 ▼ 0.29% LTC 45.20 ▲ 0.17% BCH 221.57 ▼ 0.71% TRX 0.32 ▼ 0.38% XLM 0.19 ▲ 1.70% HBAR 0.07 ▼ 0.13% NEAR 2.06 ▼ 0.39% ATOM 1.53 ▼ 1.64% AAVE 92.02 ▼ 3.98% SELIC 14.25% EMBRAER 82.82 ▲ 0.57% EMBRAER ADR 64.91 ▲ 0.01% JBS 12.25 ▲ 1.24% JBS BDR 62.36 ▲ 1.51% MBRF3 15.25 ▼ 0.97% MBRFY 2.99 ▲ 4.18% INTER 5.52 ▼ 1.78% EGX 52,928 ▲ 0.70% USD/ZAR16.43▲ 0.59% USD/NGN1,378▼ 0.12% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY162.48▲ 0.18% USD/CNY6.76▼ 0.10% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD1.14▼ 0.21% GBP/USD1.35▲ 0.54% SPX 7,545 ▼ 0.36% DJI 52,620 ▼ 0.07% NDX 29,110 ▼ 1.33% RUT 2,979 ▲ 0.09% TSX 35,338 ▼ 0.22% VIX 16.42 ▲ 4.79% USD/CAD1.40▲ 0.04% US10Y 4.5750 ▲ 0.66% IBOV 175,017.19 ▼ 0.56% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.40% USD/MXN 17.44 ▲ 0.32% USD/CLP 927.20 ▲ 0.13% USD/COP 3,222 ▼ 1.16% USD/PEN 3.39 ▲ 0.28% USD/ARS 1,474 ▼ 0.14% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.14 ▼ 0.19% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.31% USD/TTD 6.75 ▲ 1.34% EUR/BRL 5.83 ▲ 0.40% BRENT 84.92 ▼ 0.04% WTI 78.86 ▼ 0.93% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.79% GOLD 3,995 ▼ 1.20% SILVER 56.33 ▼ 1.37% SOY 1,197 ▼ 0.46% CORN 463.75 ▲ 3.63% WHEAT 673.50 ▼ 0.59% COFFEE 312.85 ▼ 6.46% SUGAR 14.48 ▼ 2.49% ORANGE JUICE 135.50 ▼ 2.41% COTTON 79.07 ▼ 1.85% COCOA 5,378 ▼ 6.26% BEEF 222.78 ▼ 3.19% CATTLE 344.70 ▼ 1.50% LITHIUM 69.09 ▼ 2.77% PETR4 40.65 ▲ 0.15% VALE3 72.91 ▼ 2.15% ITUB4 42.63 ▼ 1.18% BBDC4 18.36 ▼ 1.29% ABEV3 15.69 ▲ 0.77% BBAS3 20.58 ▲ 0.15% B3SA3 15.41 ▼ 1.78% WEGE3 43.83 ▼ 0.97% PRIO3 57.79 ▲ 0.50% SUZB3 42.05 ▲ 1.37% RENT3 39.63 ▼ 1.78% AZZA3 18.60 ▼ 0.32% CSAN3 3.93 — 0.00% RAIZ4 0.29 — 0.00% PCAR3 2.67 ▲ 1.91% GMAT3 3.93 ▼ 1.26% PSSA3 55.08 ▼ 0.25% CVCB3 1.36 ▲ 1.49% POSI3 3.87 ▼ 2.03% SLCE3 13.65 ▲ 1.11% NATU3 8.60 ▼ 0.81% BRKM5 6.14 ▼ 4.21% RANI3 8.09 ▲ 1.38% CSNA3 5.19 ▼ 0.95% CMIN3 5.49 ▲ 4.77% USIM5 8.23 ▲ 0.37% GGBR4 24.16 ▼ 0.17% ENEV3 26.18 ▼ 2.86% CPFE3 46.80 ▼ 0.06% CMIG4 11.05 ▼ 0.90% EQTL3 39.99 ▼ 0.84% LREN3 13.77 ▼ 2.34% VIVT3 35.55 ▲ 0.23% RAIL3 14.04 ▼ 0.21% KLABIN 17.51 ▲ 0.69% RAIA DROGASIL 18.67 — 0.00% RDOR3 35.73 ▼ 0.78% HAPV3 10.75 ▼ 2.18% FLRY3 16.37 ▼ 0.85% SMTO3 15.78 ▲ 1.61% UGPA3 31.90 ▲ 2.57% VBBR3 34.36 ▲ 1.81% BBSE3 40.97 ▲ 0.64% BPAC11 56.74 ▼ 0.53% CURY3 32.04 ▼ 2.11% AERI3 2.02 — 0.00% VIVARA 23.28 ▼ 1.02% COMPASS 25.00 ▼ 0.44% VAMOS 3.19 ▲ 2.24% SANB11 26.89 ▼ 0.41% ASAI3 8.54 ▼ 1.39% SBSP3 29.84 ▼ 0.47% WALMEX 49.31 ▼ 0.78% GMEXICO 200.54 ▲ 0.16% FEMSA 223.91 ▲ 0.45% CEMEX 22.88 ▲ 1.15% GFNORTE 180.09 ▼ 1.84% BIMBO 59.04 ▲ 2.64% TELEVISA 9.54 ▼ 0.21% AMX 22.90 ▲ 0.44% GAP 393.23 ▼ 0.97% ASUR 281.59 ▼ 0.66% OMA 232.76 ▼ 1.04% KOF 178.66 ▲ 0.96% GRUMA 285.53 ▲ 1.49% KIMBER 38.71 ▲ 0.13% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,300 ▼ 0.32% GGAL 7,970 ▼ 2.86% PAMPA 5,130 ▼ 2.10% TXAR 668.00 ▼ 0.45% ALUAR 955.00 ▼ 0.47% TGS 9,625 ▼ 1.28% CEPU 2,291 ▼ 2.26% MIRGOR 16,700 ▼ 1.62% COME 44.87 ▼ 1.67% LOMA NEGRA 3,620 ▲ 0.21% BYMA 302.00 ▼ 0.66% TELECOM ARG 4,255 ▼ 1.39% ECOPETROL 15.95 ▼ 0.19% BANCOLOMBIA 79.35 ▼ 2.70% GRUPO AVAL 4.96 ▼ 1.39% CREDICORP 391.39 ▼ 1.71% SOUTHERN COPPER 176.05 ▼ 3.02% BUENAVENTURA 30.21 ▼ 1.63% MERCADOLIBRE 1,843 ▼ 0.02% NUBANK 13.86 ▼ 0.18% XP 16.69 ▼ 1.10% PAGSEGURO 9.20 ▼ 0.16% STONE 11.20 ▼ 0.75% GLOBANT 33.32 ▲ 4.19% TECNOGLASS 46.98 ▲ 2.86% GAP AIRPORT 225.00 ▼ 1.23% ASUR 281.59 ▼ 0.66% OMA AIRPORT 107.22 ▼ 0.63% AMX ADR 26.18 ▲ 0.27% FEMSA ADR 128.39 ▼ 0.30% CEMEX ADR 13.15 ▲ 0.61% PETROBRAS ADR 17.72 ▼ 0.81% VALE ADR 14.26 ▼ 2.83% ITAU ADR 8.33 ▼ 1.48% SANTANDER BR 5.30 ▼ 1.03% AMBEV ADR 3.07 ▲ 1.22% CSN 1.02 ▼ 0.97% GERDAU 4.76 ▼ 0.94% LATAM ADR 53.77 ▼ 2.00% BTC 64,383 ▼ 0.51% ETH 1,875 ▼ 2.19% SOL 76.15 ▼ 1.44% XRP 1.11 ▼ 0.47% BNB 576.72 ▼ 0.58% ADA 0.16 ▼ 1.33% DOGE 0.07 ▼ 0.98% AVAX 6.59 ▼ 1.58% LINK 8.42 ▼ 1.36% DOT 0.84 ▼ 0.29% LTC 45.20 ▲ 0.17% BCH 221.57 ▼ 0.71% TRX 0.32 ▼ 0.38% XLM 0.19 ▲ 1.70% HBAR 0.07 ▼ 0.13% NEAR 2.06 ▼ 0.39% ATOM 1.53 ▼ 1.64% AAVE 92.02 ▼ 3.98% SELIC 14.25% EMBRAER 82.82 ▲ 0.57% EMBRAER ADR 64.91 ▲ 0.01% JBS 12.25 ▲ 1.24% JBS BDR 62.36 ▲ 1.51% MBRF3 15.25 ▼ 0.97% MBRFY 2.99 ▲ 4.18% INTER 5.52 ▼ 1.78% EGX 52,928 ▲ 0.70% USD/ZAR 16.43 ▲ 0.90% USD/NGN 1,378 ▼ 0.11% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY 162.51 ▲ 0.23% USD/CNY 6.7612 ▲ 0.05% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD 1.1439 ▼ 0.25% GBP/USD 1.3469 ▼ 0.50% SPX 7,545 ▼ 0.36% DJI 52,620 ▼ 0.07% NDX 29,110 ▼ 1.33% RUT 2,979 ▲ 0.09% TSX 35,338 ▼ 0.22% VIX 16.42 ▲ 4.79% USD/CAD 1.4044 ▲ 0.05% US10Y 4.5750 ▲ 0.66%
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Thursday, July 16, 2026

Latin America Analysis

Ecuador’s Three-Stage Descent: How Criminal Gangs Became Dangerous Insurgents

By · March 13, 2025 · 2 min read

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(Analysis) President Daniel Noboa declared Ecuador faces the most violent internal armed conflict in its history against organized criminal groups.

The crisis represents a textbook evolution of insurgency that aligns with Professor David Betz’s acclaimed three-phase framework of civil conflicts. Ecuador witnessed 781 violent deaths in January 2025 alone, marking the deadliest month in national history.

This surge follows a dramatic 574% increase in homicide rates between 2019 and 2023. Criminal violence escalated significantly after Los Choneros gang leader José Adolfo “Fito” Macías escaped prison in January 2024, followed by armed criminals storming TC Television studios live on air.

Professor Betz, a war studies expert at King’s College London, explains insurgencies typically develop through three distinct phases. Ecuador’s criminal organizations show clear progression through this model.

Many gangs completed Betz’s “defensive phase” years ago, characterized by political organization, propaganda, and alignment with criminal enterprises to access weapons and muscle.

Ecuador's Three-Stage Descent: How Criminal Gangs Became Dangerous Insurgents
Ecuador’s Three-Stage Descent: How Criminal Gangs Became Dangerous Insurgents. (Photo Internet reproduction)
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Several criminal factions now operate firmly in Betz’s second “stalemate phase.” Los Choneros and Los Lobos have established alliances with Colombian, Mexican, and Albanian trafficking organizations.

They create no-go zones where police enter only after consulting local leaders. Their activities include ambushing police stations and attacking government figures – precisely the indicators Betz identifies as phase two hallmarks.

“The stalemate phase features attacks on judges, lawyers, media figures, and government representatives,” explains Betz in his analysis of insurgency patterns. Ecuador witnesses these exact tactics as cartels target officials who challenge their territorial control.

Ecuador’s Struggle with Criminal Organizations

Noboa’s government claims success in combating these groups, with police detaining 13,858 people and seizing 2,019 firearms in 2025 alone. The president received the Police Command Baton at a recent ceremony, vowing to pursue terrorists and their political allies without negotiation.

Betz’s work suggests Ecuador faces significant risk factors for prolonged conflict. The country’s criminal organizations employ what he calls “Latin American-style dirty war” tactics – chronic low-level violence designed to undermine government authority through attacks on infrastructure and public institutions.

Human rights organizations document concerning patterns of extrajudicial killings and arbitrary arrests by security forces operating under the armed conflict declaration. These actions potentially strengthen recruitment for criminal organizations by fostering grievances against the state.

The economic impact reverberates throughout Ecuador as businesses face widespread extortion schemes. Criminal groups demand “vacunas” (protection fees), forcing many establishments to close and destabilizing the national economy.

Ecuador’s rapid transformation from one of Latin America’s safest countries occurred as criminal organizations seized control of drug trafficking routes after the 2016 Colombian peace agreement with FARC rebels.

Professor Betz’s framework provides critical insight into how these groups evolved. They transformed from simple gangs into sophisticated insurgent organizations challenging state authority.

As Noboa continues his aggressive security campaign against what he terms “narcoterrorism,” the conflict trajectory remains uncertain.

Professor Betz’s research suggests that military force alone rarely resolves deeply rooted insurgencies. This is especially true without addressing the underlying economic and social conditions.

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