IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 — 0.00% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL5.13▲ 0.51% USD/MXN17.54▲ 0.66% USD/CLP933.49▲ 0.92% USD/COP3,255▲ 0.74% USD/PEN3.39▲ 0.18% USD/ARS1,475▼ 0.03% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.74▲ 1.70% EUR/BRL5.86▲ 0.41% BRENT 86.73 ▲ 2.97% WTI 80.83 ▲ 2.38% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.41% GOLD 3,973 ▼ 0.32% SILVER 55.27 ▼ 1.13% SOY 1,199 ▲ 0.29% CORN 465.50 ▲ 5.44% WHEAT 679.25 ▲ 0.67% COFFEE 313.90 ▼ 2.30% SUGAR 14.72 ▲ 1.94% ORANGE JUICE 130.85 ▼ 2.20% COTTON 78.43 ▲ 0.95% COCOA 5,566 ▲ 6.71% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 40.64 ▲ 1.88% VALE3 72.42 ▼ 0.77% ITUB4 42.48 ▼ 0.16% BBDC4 18.33 ▼ 0.43% ABEV3 15.62 ▲ 0.13% BBAS3 20.78 ▲ 0.10% B3SA3 15.34 ▼ 0.32% WEGE3 43.37 ▼ 0.28% PRIO3 57.44 ▲ 1.14% SUZB3 41.72 ▲ 0.05% RENT3 38.61 ▼ 0.64% AZZA3 18.50 ▼ 0.16% CSAN3 3.83 ▼ 1.29% RAIZ4 0.29 — 0.00% PCAR3 2.61 ▲ 0.77% GMAT3 3.90 ▼ 0.51% PSSA3 55.10 ▼ 0.22% CVCB3 1.33 ▼ 1.48% POSI3 3.85 ▼ 0.77% SLCE3 13.65 ▲ 0.29% NATU3 8.52 ▼ 0.47% BRKM5 6.09 ▼ 0.16% RANI3 8.10 ▲ 0.25% CSNA3 5.07 ▼ 0.59% CMIN3 5.47 ▲ 0.37% USIM5 7.86 ▼ 0.51% GGBR4 23.83 ▼ 0.33% ENEV3 25.84 ▼ 0.42% CPFE3 47.19 — 0.00% CMIG4 11.11 ▲ 0.18% EQTL3 39.76 ▼ 0.23% LREN3 13.59 ▼ 0.44% VIVT3 35.50 ▲ 0.08% RAIL3 13.92 ▼ 0.07% KLABIN 17.46 ▲ 0.58% RAIA DROGASIL 18.38 ▼ 0.76% RDOR3 35.70 ▼ 0.47% HAPV3 11.15 ▲ 1.83% FLRY3 16.38 ▼ 0.24% SMTO3 15.71 ▼ 0.06% UGPA3 31.98 ▼ 0.03% VBBR3 34.44 ▲ 0.20% BBSE3 41.24 ▲ 0.15% BPAC11 56.29 ▼ 0.53% CURY3 31.25 ▼ 0.13% AERI3 2.02 — 0.00% VIVARA 23.28 ▼ 0.30% COMPASS 24.94 ▲ 0.12% VAMOS 3.25 ▲ 2.85% SANB11 26.73 ▼ 0.37% ASAI3 8.58 ▲ 0.23% SBSP3 29.26 ▼ 0.14% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% 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 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 62,802 ▼ 1.55% ETH 1,814 ▼ 2.65% SOL 73.74 ▼ 2.04% XRP 1.07 ▼ 1.26% BNB 558.48 ▼ 2.40% ADA 0.16 ▼ 1.29% DOGE 0.07 ▼ 1.30% AVAX 6.41 ▼ 1.48% LINK 8.05 ▼ 3.42% DOT 0.84 ▼ 2.19% LTC 44.23 ▼ 1.59% BCH 216.93 ▼ 2.11% TRX 0.32 ▼ 0.15% XLM 0.18 ▼ 1.37% HBAR 0.07 ▼ 1.54% NEAR 1.91 ▼ 2.98% ATOM 1.50 ▼ 0.71% AAVE 90.35 ▼ 0.86% SELIC 14.25% EMBRAER 81.58 ▼ 0.23% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.20 ▼ 0.49% MBRF3 15.44 ▲ 0.98% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR16.57▲ 0.88% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.43▲ 0.02% USD/CNY6.77▼ 0.08% DAX 24,764 ▼ 0.61% CAC 8,327 ▼ 0.61% FTSE 10,569 ▼ 0.03% MIB 51,870 ▼ 0.96% IBEX 19,205 ▼ 0.51% STOXX 640.33 ▼ 0.53% EUR/USD1.14▼ 0.10% GBP/USD1.34▼ 0.78% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.66 ▲ 11.54% USD/CAD1.40▼ 0.19% US10Y 4.5330 ▼ 0.79% IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 — 0.00% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL 5.13 ▲ 0.56% USD/MXN 17.54 ▲ 0.66% USD/CLP 933.49 ▲ 0.92% USD/COP 3,255 ▲ 0.74% USD/PEN 3.39 ▲ 0.18% USD/ARS 1,475 ▼ 0.03% USD/UYU 40.18 ▲ 1.61% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.87% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.86 ▲ 0.41% BRENT 86.73 ▲ 2.97% WTI 80.83 ▲ 2.38% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.41% GOLD 3,973 ▼ 0.32% SILVER 55.27 ▼ 1.13% SOY 1,199 ▲ 0.29% CORN 465.50 ▲ 5.44% WHEAT 679.25 ▲ 0.67% COFFEE 313.90 ▼ 2.30% SUGAR 14.72 ▲ 1.94% ORANGE JUICE 130.85 ▼ 2.20% COTTON 78.43 ▲ 0.95% COCOA 5,566 ▲ 6.71% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 40.64 ▲ 1.88% VALE3 72.42 ▼ 0.77% ITUB4 42.48 ▼ 0.16% BBDC4 18.33 ▼ 0.43% ABEV3 15.62 ▲ 0.13% BBAS3 20.78 ▲ 0.10% B3SA3 15.34 ▼ 0.32% WEGE3 43.37 ▼ 0.28% PRIO3 57.44 ▲ 1.14% SUZB3 41.72 ▲ 0.05% RENT3 38.61 ▼ 0.64% AZZA3 18.50 ▼ 0.16% CSAN3 3.83 ▼ 1.29% RAIZ4 0.29 — 0.00% PCAR3 2.61 ▲ 0.77% GMAT3 3.90 ▼ 0.51% PSSA3 55.10 ▼ 0.22% CVCB3 1.33 ▼ 1.48% POSI3 3.85 ▼ 0.77% SLCE3 13.65 ▲ 0.29% NATU3 8.52 ▼ 0.47% BRKM5 6.09 ▼ 0.16% RANI3 8.10 ▲ 0.25% CSNA3 5.07 ▼ 0.59% CMIN3 5.47 ▲ 0.37% USIM5 7.86 ▼ 0.51% GGBR4 23.83 ▼ 0.33% ENEV3 25.84 ▼ 0.42% CPFE3 47.19 — 0.00% CMIG4 11.11 ▲ 0.18% EQTL3 39.76 ▼ 0.23% LREN3 13.59 ▼ 0.44% VIVT3 35.50 ▲ 0.08% RAIL3 13.92 ▼ 0.07% KLABIN 17.46 ▲ 0.58% RAIA DROGASIL 18.38 ▼ 0.76% RDOR3 35.70 ▼ 0.47% HAPV3 11.15 ▲ 1.83% FLRY3 16.38 ▼ 0.24% SMTO3 15.71 ▼ 0.06% UGPA3 31.98 ▼ 0.03% VBBR3 34.44 ▲ 0.20% BBSE3 41.24 ▲ 0.15% BPAC11 56.29 ▼ 0.53% CURY3 31.25 ▼ 0.13% AERI3 2.02 — 0.00% VIVARA 23.28 ▼ 0.30% COMPASS 24.94 ▲ 0.12% VAMOS 3.25 ▲ 2.85% SANB11 26.73 ▼ 0.37% ASAI3 8.58 ▲ 0.23% SBSP3 29.26 ▼ 0.14% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% 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 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 62,802 ▼ 1.55% ETH 1,814 ▼ 2.65% SOL 73.74 ▼ 2.04% XRP 1.07 ▼ 1.26% BNB 558.48 ▼ 2.40% ADA 0.16 ▼ 1.29% DOGE 0.07 ▼ 1.30% AVAX 6.41 ▼ 1.48% LINK 8.05 ▼ 3.42% DOT 0.84 ▼ 2.19% LTC 44.23 ▼ 1.59% BCH 216.93 ▼ 2.11% TRX 0.32 ▼ 0.15% XLM 0.18 ▼ 1.37% HBAR 0.07 ▼ 1.54% NEAR 1.91 ▼ 2.98% ATOM 1.50 ▼ 0.71% AAVE 90.35 ▼ 0.86% SELIC 14.25% EMBRAER 81.58 ▼ 0.23% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.20 ▼ 0.49% MBRF3 15.44 ▲ 0.98% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR 16.56 ▲ 1.08% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.42 ▲ 0.05% USD/CNY 6.7776 ▲ 0.21% DAX 24,764 ▼ 0.61% CAC 8,327 ▼ 0.61% FTSE 10,569 ▼ 0.03% MIB 51,870 ▼ 0.96% IBEX 19,205 ▼ 0.51% STOXX 640.33 ▼ 0.53% EUR/USD 1.1434 ▼ 0.09% GBP/USD 1.3435 ▼ 0.33% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.66 ▲ 11.54% USD/CAD 1.4020 ▼ 0.14% US10Y 4.5330 ▼ 0.79%
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Friday, July 17, 2026

Latin America Ecuador

Noboa’s Ecuador: Security Crackdown and Economic Opening After Correísmo’s Fall

By · April 23, 2025 · 3 min read

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Ecuador’s political landscape shifted after Daniel Noboa’s clear victory over correísmo, the movement tied to former President Rafael Correa.

Noboa’s government now faces the task of delivering on promises of greater security, institutional order, and a more open economic model. The country’s future depends on whether these plans can address the deep challenges that have defined recent years.

Noboa’s campaign and early presidency focused on combating Ecuador’s security crisis. Since 2023, he has ruled under a near-constant state of emergency, declaring an “internal armed conflict” and deploying the military to streets and prisons.

This approach, inspired by El Salvador’s tough tactics, initially won public approval. In a nationwide referendum in April 2024, Ecuadorians supported nine out of eleven security proposals, including tougher penalties for organized crime and military control over prisons.

However, the public rejected Noboa’s economic reform measures, such as international arbitration and hourly work contracts. Despite these efforts, violence remains high.

Noboa’s Ecuador: Security Crackdown and Economic Opening After Correísmo’s Fall
Noboa’s Ecuador: Security Crackdown and Economic Opening After Correísmo’s Fall. (Photo Internet reproduction)
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In January 2025, Ecuador recorded its most violent month, with 781 homicides. Criminal organizations continue to control key ports and prisons. Human rights groups have raised concerns about arbitrary detentions and excessive force.

Critics warn that a militarized response could undermine democracy and worsen cycles of violence, especially if it fails to address the social and economic roots of crime.

Ecuador’s Security and Economic Challenges

Noboa’s security strategy relies on expanding prison capacity, increasing police and military presence, and pursuing international cooperation. He has pursued intelligence-sharing and border security partnerships with neighboring countries and the United States.

He has even proposed hosting foreign military forces to strengthen regional security. This aligns with Washington’s priorities, as Ecuador’s location makes it central to regional drug trafficking routes.

However, the government’s reliance on emergency powers and foreign security advisors, including controversial figures from private military companies, has sparked debate about accountability and sovereignty.

Economically, Ecuador faces recession and instability. The economy contracted in 2024, and blackouts lasting up to fourteen hours exposed years of underinvestment in infrastructure.

Noboa’s administration raised the VAT to 15% to address a growing fiscal deficit, securing $2.5 billion in IMF funding. Yet, these measures have not reversed falling investment or rising unemployment, and the public remains skeptical of further reforms.

Ecuador’s dollarized economy offers some stability, but dependence on oil and agricultural exports leaves it exposed to external shocks and trade disputes. Noboa’s political capital depends on his ability to deliver results.

He governs with a fragmented legislature, where the opposition Citizen Revolution party holds a narrow majority. This forces him to seek alliances or govern by decree, a trend seen elsewhere in the region.

Investors responded positively to his win, but Ecuador’s country risk remains high, and the business climate is uncertain. To succeed, Noboa must balance tough security measures with institutional reforms and economic openness.

Sustainable progress will require strengthening the rule of law, professionalizing law enforcement, and addressing poverty and youth unemployment. The coming years will test whether Ecuador can move beyond crisis management and build a more stable, open, and secure society.

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