International

Noboa assures that Ecuador has a new face with more security after six months in office

The president of Ecuador, Daniel Noboa, assured this Friday in his first report to the nation that, in the six months of his mandate, he has achieved a country with a new face thanks to efforts to combat insecurity and for the recovery of institutionality.

In his message to the National Assembly (Parliament), a day after having served six months as head of state, Noboa asserted that he received a country “with fear and without hope,” so he had to take “hard” decisions that other administrations did not dare, in search of a safe country, open to investments, job creation and to “guaranteee the future of all.”

The president said that last January 9 will be a date that the country will not forget, having revealed the scope of “the horror of terrorism”, with a series of attacks and violent actions of organized crime such as the taking of the TC Televisión channel by a group of armed men and simultaneous riots in various prisons with about 200 hostages.

That day, on which he again denounced an attempted coup d’état against him, Noboa declared the “internal armed conflict” against 22 criminal gangs linked to drug trafficking, whom he called terrorists.

The actions of the Government, he said, seek to “start building a country where tranquility and progress are the norm and not the exception.”

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He highlighted the commitment and sacrifice of the security forces to fight the mafias that “have accomplices and allies, at all levels of the country: public institutions, public companies, local governments, in our neighborhoods, they are everywhere.”

Despite the changes he reported about, Noboa said that the fight for “the ‘New Ecuador’ has only begun,” he pointed out that social transformation and security are also achieved “with employment, education, with services and empathy” with social actions that reveal “the face of a new Ecuador that grows.”

In that line, he also mentioned the efforts in the energy field of his Government, which in April had to face blackouts in the face of a serious electricity crisis, due to the drought of one of the main hydroelectric complexes in the country.

“We are working very hard to solve the energy crisis, in such a way that Ecuadorians, in the future, do not have to go through more energy rationing. In other words, we are cleaning up what those of the past mudded,” he said.

In the economic area, Noboa mentioned the existence of 105,000 young employment places, the ratification of two trade agreements (with China and Costa Rica) and the reduction of 1,000 points in the risk premium.

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Noboa claimed to have recovered the country’s institutionality by asserting that “the new Ecuador does not deal with drug trafficking, drug policy, terrorists or any of its historical costumes.”

“The new Ecuador also does not give in to external pressures or even from citizens who call themselves Ecuadorians and even want their country to be sentenced,” he said, without referring to any specific person, although the day before he sent on social networks “to cry to tears” to former President Rafael Correa for his statements regarding the crisis with Mexico.

Noboa did not speak in his speech about the assault on the Mexican Embassy in Quito in April, to capture Jorge Glas, former vice president of Rafael Correa, which caused the breakdown of relations with the Mexican Government, as well as the almost unanimous condemnation of the international community.

After that assault, Correa considered that the country should receive pressure from the international community at the political and legal level as a precedent so that a similar situation does not happen again.

Noboa committed himself to his compatriots to “not go back” and “never stay in the problem or in the comfort of the excuse,” but to move forward to “find and travel clean roads that allow the problems of Ecuadorians to be solved.”

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And he explained that he follows the lessons that formed his generation: “to be strong so that no one defeats you, to be noble so that no one humiliates you, to be humble so that no one offends you and to continue to be you so that no one forgets you.”

“In just six months we are achieving what other governments did not do in two, nor four, or ten years,” he said.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.