Berliner Boersenzeitung - Ecuador leader to visit Biden, seek help fighting cartels

EUR -
AED 3.888527
AFN 71.707535
ALL 98.090984
AMD 409.057758
ANG 1.898867
AOA 966.052703
ARS 1057.109536
AUD 1.626566
AWG 1.902983
AZN 1.795822
BAM 1.954642
BBD 2.12733
BDT 125.905439
BGN 1.955441
BHD 0.39899
BIF 3111.586725
BMD 1.058683
BND 1.416475
BOB 7.280688
BRL 6.085207
BSD 1.053566
BTN 88.904851
BWP 14.374352
BYN 3.447558
BYR 20750.18784
BZD 2.123732
CAD 1.484321
CDF 3038.420645
CHF 0.935556
CLF 0.037326
CLP 1029.939448
CNY 7.662216
CNH 7.660355
COP 4655.029384
CRC 536.582239
CUC 1.058683
CUP 28.055101
CVE 110.19974
CZK 25.276167
DJF 187.618007
DKK 7.459624
DOP 63.482406
DZD 141.227415
EGP 52.293861
ERN 15.880246
ETB 130.425263
FJD 2.401781
FKP 0.835637
GBP 0.835502
GEL 2.884902
GGP 0.835637
GHS 16.805048
GIP 0.835637
GMD 75.166726
GNF 9079.623091
GTQ 8.140179
GYD 220.429463
HKD 8.239063
HNL 26.614239
HRK 7.55186
HTG 138.408035
HUF 406.481436
IDR 16749.424582
ILS 3.951137
IMP 0.835637
INR 89.359572
IQD 1380.269573
IRR 44562.61259
ISK 144.500016
JEP 0.835637
JMD 167.222551
JOD 0.750708
JPY 163.504598
KES 137.046958
KGS 91.59805
KHR 4257.478742
KMF 492.022909
KPW 952.814346
KRW 1473.200077
KWD 0.325513
KYD 0.877972
KZT 525.708678
LAK 23147.292286
LBP 94351.125722
LKR 306.968215
LRD 193.335508
LSL 19.0816
LTL 3.126016
LVL 0.640387
LYD 5.145928
MAD 10.549153
MDL 19.144663
MGA 4925.036897
MKD 61.542153
MMK 3438.56126
MNT 3597.404957
MOP 8.447997
MRU 42.008123
MUR 48.995922
MVR 16.367172
MWK 1827.018049
MXN 21.411071
MYR 4.73127
MZN 67.676322
NAD 19.0816
NGN 1765.660328
NIO 38.777036
NOK 11.653558
NPR 142.247762
NZD 1.797455
OMR 0.407607
PAB 1.053576
PEN 4.004828
PGK 4.23849
PHP 62.13518
PKR 292.691105
PLN 4.319524
PYG 8212.098051
QAR 3.842524
RON 4.976335
RSD 117.001599
RUB 105.605105
RWF 1447.356554
SAR 3.974311
SBD 8.860668
SCR 14.544691
SDG 636.799886
SEK 11.55777
SGD 1.417439
SHP 0.835637
SLE 23.979201
SLL 22200.059295
SOS 602.149098
SRD 37.48267
STD 21912.601725
SVC 9.219453
SYP 2659.972781
SZL 19.074524
THB 36.609491
TJS 11.210461
TMT 3.705391
TND 3.330128
TOP 2.479543
TRY 36.637813
TTD 7.152764
TWD 34.335226
TZS 2809.725747
UAH 43.635047
UGX 3868.708969
USD 1.058683
UYU 45.183243
UZS 13499.005954
VES 48.41561
VND 26898.48967
VUV 125.688979
WST 2.95541
XAF 655.565681
XAG 0.033722
XAU 0.000404
XCD 2.861144
XDR 0.801518
XOF 655.562587
XPF 119.331742
YER 264.511909
ZAR 19.009322
ZMK 9529.417073
ZMW 29.053657
ZWL 340.895511
  • RIO

    1.1400

    62.12

    +1.84%

  • CMSC

    0.0540

    24.624

    +0.22%

  • RBGPF

    59.7500

    59.75

    +100%

  • SCS

    -0.0300

    13.2

    -0.23%

  • BCC

    1.4500

    141.54

    +1.02%

  • NGG

    0.1500

    62.9

    +0.24%

  • CMSD

    -0.0500

    24.39

    -0.21%

  • BTI

    0.2900

    36.68

    +0.79%

  • RYCEF

    0.0800

    6.93

    +1.15%

  • JRI

    0.1300

    13.23

    +0.98%

  • BCE

    0.4100

    27.23

    +1.51%

  • RELX

    0.5900

    45.04

    +1.31%

  • VOD

    0.1500

    8.92

    +1.68%

  • BP

    0.4400

    29.42

    +1.5%

  • GSK

    0.3400

    33.69

    +1.01%

  • AZN

    0.1600

    63.39

    +0.25%

Ecuador leader to visit Biden, seek help fighting cartels
Ecuador leader to visit Biden, seek help fighting cartels / Photo: Bryan R. Smith - AFP/File

Ecuador leader to visit Biden, seek help fighting cartels

Ecuadoran President Guillermo Lasso will meet with President Joe Biden at the White House Monday to discuss security and other issues -- delicately trying to balance his nation's deep interests with both the United States and China.

Text size:

Lasso arrives in Washington with a list of priorities. At the top is securing help in battling drug cartels that have waged open warfare in Ecuador's streets and prisons.

Drug-related violence prompted Lasso to declare a state of emergency in November in parts of Ecuador, which is sandwiched between Colombia and Peru, the world's largest producers of cocaine.

John Kirby, the spokesman for the US National Security Council, said Friday that the two presidents, who last met in June at the Summit of the Americas in Los Angeles, will discuss ways to boost cooperation in the battle against drugs.

- Balancing act -

Trade will be another prime topic. The two leaders will discuss regional economic initiatives, including the Americas Partnership for Economic Prosperity (APEP), aimed at mobilizing investment, promoting clean energy and strengthening supply chains, White House spokeswoman Karine Jean-Pierre said Friday.

Like other Latin American countries, Ecuador seeks to avoid the global rivalry between the United States and China by remaining on good terms with Washington while benefiting from Beijing's open wallet.

Ecuador's first conservative president in 14 years is looking forward to concluding a free-trade pact with China after nearly 10 months of negotiations.

- Setting an example -

Biden is expected to focus on the immigration crisis at the US border with Mexico, where US agents intercepted more than 2.2 million migrants in the year that ended September 30, according to the US Customs and Border Protection office.

Ecuadorans constitute a relatively small share of the migrants. Still, their numbers have grown sharply this year, from 600 in January to 5,000 in September, according to official data.

Quito has set a good example on migration, Kirby said, noting it had regularized Venezuelan migrants and refugees living in Ecuador.

He also applauded Lasso for condemning the Russian invasion of Ukraine, another issue for the White House talks.

The two leaders will also explore opportunities for collaboration once Ecuador assumes a non-permanent seat on the UN Security Council starting January 1.

Days before Lasso's visit, Ecuador got some good news from Washington.

The International Monetary Fund approved the immediate disbursement of $700 million after completing a final review of a fund facility for Ecuador aimed at supporting its recovery from the pandemic, ensuring fiscal stability and expanding protections for vulnerable people.

And the US Congress passed a bipartisan bill for the 2023 fiscal year that aims to help strengthen democratic institutions, foster more inclusive growth, and support environmental initiatives and the fight against corruption, crime and "malign foreign influence."

Robert Menendez, chairman of the US Senate Foreign Relations Committee, has said Ecuador has become a "model" for the region.

But at home, Lasso has been navigating troubled waters, marked by anti-government demonstrations led by the powerful Indigenous movement known as Conaie, which played a role in uprisings that brought down three presidents between 1997 and 2005.

Lasso and Conaie have put aside their differences for now, but for how long remains unclear.

(U.Gruber--BBZ)