Mar 2 β€’ 19:43 UTC πŸ‡ͺπŸ‡¨ Ecuador El Universo (ES)

Law for the Strengthening of the Mining and Energy Sectors Published in the Official Register

Ecuador's new law aims to bolster the mining and energy sectors, enhance fiscal revenues, and support macroeconomic stability.

On March 2, 2026, Ecuador's Official Register published the Organic Law for the Strengthening of the Strategic Sectors of Mining and Energy following its sanction by the Executive. This legislation is designed to enhance the operational performance of these sectors by introducing regulations that can generate fiscal income and foreign exchange, thereby contributing to the fiscal sustainability and macroeconomic stability of the state.

The law was sanctioned by President Daniel Noboa on February 28, and it went into effect without objections from him, following its approval by the National Assembly on February 26 with 77 votes from the ruling party and its allies. This swift legislative action reflects a prioritization of economic measures to boost these critical sectors in Ecuador's economy.

Notably, the law was fast-tracked due to urgent economic circumstances, although it was passed excluding Article 29, which related to reducing royalty percentages. The omission of this article indicates a targeted approach to maintain revenue levels from the sectors involved and could imply further discussions around resource management in upcoming legislative sessions.

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