AGP Executive Report
Last update: 9 hours agoEcuador Courts & Corruption: Former Ecuador president Lenín Moreno and a former Chinese ambassador asked the country’s top court to spare them from five-year sentences tied to a US$76m bribery scheme linked to the Coca Codo Sinclair hydro project; Moreno remains in Ecuador and could serve his term at home if upheld due to his condition, with the court set to rule Sept. 7. Ecuador Business & Trade: Ecuador banana exports rose 8.32% in Jan–Jul 2026 to 247.09m boxes, with the EU still the top destination (81.01m boxes) and Russia second (49.06m), while July volumes jumped 19.1% year-on-year. Logistics & Investment: DHL Global Forwarding acquired Uruguay freight forwarder Aero Cargas, giving DHL its first direct Uruguay operation and expanding its PAC cluster footprint across the region. Climate Risk for Markets: UN and WMO warnings say El Niño is intensifying and could be the strongest in decades, with knock-on risks for agriculture, shipping, and disaster costs across vulnerable economies. Regional Politics: Rafael Correa renewed calls for Mexico to receive ex–Vice President Jorge Glas as a condition for restoring Ecuador–Mexico ties.
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