ECUADORCountry of opportunities

Amb. Nicolas TrujilloMontreal, December 3, 2015

E-mail: ambassador@embassyecuador.ca

E C U A D O R

Capital : Quito Type of Government: Presidential Republic President: Rafael Correa Delgado, Ph.D. Official Language: Spanish Population: 14’483.499 (Census 2010), 15’520.973 (2013 official

projections) (75% urban, and 25% lives in rural places)

Religion: 80.4% Catholics 11.3% Protestants 8.3% atheist and agnostics (Census

2010)

Total Surface Area: 256.370 km² Currency: US Dollar Administrative Structure: 24 provinces, 1 Metropolitan

District (Quito) and 1 Special Zone (Galápagos Islands) Natural Regions: Coast, Andean Region, Amazon Jungle,

Galapagos Islands – 2 Hemispheres – 4 Worlds

ABOUT ECUADOR:Economic & Social Indicators

Ecuador has achieved STRONG GROWTH in the last decade, preparing for future development

Annual average 4,6% from 2007 to 2014, among the highest in the region.

High level of investment with low public debt

Re-elected president with 72% public approval

Improvement in HDI and wealth concentration

Development of communication, energy and road infrastructure

Roads, airports and ports development, ideal location for commerce

ECO

NO

MIC

SOCI

AL-P

OLI

TIC

COM

PETI

TIVE

GDP GROWTH

POLITICAL STABILITY

INFRAESTRUCTURE

INVESTMENT

SOCIAL DEVELOPMENT

LOGISTICS

Source: ECLAC

MACROECONOMIC BENCHMARK OF ECUADOR

7.3%2008

4.15%2014

UNEMPLOYMENT RATE REDUCTION OF 3.15%

Source: BCE

RATE OF INFLATION 2014

3.70% 3.90% 4.20% 5.10% 5.20% 68.50%8.30%

MACROECONOMIC BENCHMARK OF ECUADOR

Source: BCE

ECUADOR REDUCED POVERTY AND INEQUALITY

Source: World Bank

REDUCTION OFEXTREME POVERTY

2007 2015

16.45%

8.97%

7.48%

ECUADOR REDUCED INCOME INEQUALITY

REDUCTION OF INCOME INEQUALITY

2006 2014

54

46.7

1st place in Latin America

Source: World Bank

ACHIEVEMENTS IN HIGHER EDUCATION, SCIENCE, TECHNOLOGY AND INNOVATION

2013 -2014

ECUADOR INVESTS THE HIGHEST % OF GDP IN HIGHER EDUCATION (2013) OF ANY LATIN AMERICAN COUNTRY

Public expenditure on higher education, as a percentage of GDP

2.19 % by 2014

FREE HIGHER EDUCATION IS GUARANTEED IN ORDER TO INCREASE ACCESS AND COMPLETION

More Young People aged between 18 and 24 have gained access to Higher Education

Over 9 billion dollars have been invested in Higher Education by 2014

HISTORICALLY EXCLUDED GROUPS ARE NOW ACCESSING HIGHER EDUCATION

Gross attendance rates for higher education

THE HIGHER EDUCATION ENTRANCE SYSTEM REWARDS EXCELLENCE

Percentage of the highest scoring high school pupils that study abroad, by discipline

NUMBER OF POSTGRADUATE SCHOLARSHIPS ABROAD HAS TRIPLED

THE NUMBER OF POSTGRADUATE SCHOLARSHIPS ABROAD HAS TRIPLED

Number of Postgraduate Scholarships Abroad

10,000 Scholarships by 2014

CALDO-SENESCYT MoU signed in 2014

NUMBER OF POSTGRADUATE SCHOLARSHIPS ABROAD HAS TRIPLED

CANADIAN UNIVERSITIES IN SENESCYT LIST

LIST OF EXCELLENCE University of Montreal

Simon Fraser University University of Queen, Ontario

University of Western Ontario University of Victoria University of Alberta

Laval University University of Calgary University of Ottawa

University of Saskatchewan McMaster University Dalhousie University

Guelph University University of Waterloo University of Manitoba

OPEN CALL LISTUniversity of British Columbia

University of TorontoMcGill University

University of AlbertaUniversity of Calgary

Laval UniversityUniversity of Ottawa

University of MontrealUniversity of Waterloo

University of Queen, OntarioDalhousie

University of Western OntarioUniversity of Saskatchewan

McMaster University

FOUR NEW WORLD-CLASS UNIVERSITIES WERE CREATED

YACHAY PUBLIC COMPANY AND ECUADOR’S FIRST SPECIAL ECONOMIC DEVELOPMENT ZONE (ZEDE)

Granted scholarships for fourth level education

between 2007 and 2014

Source: SENECYT

2.12 % of GDP in public spending for higher education, the highest in the region

10,482

ECUADOR INVESTS IN HUMAN TALENT

EVOLUTION OF PUBLIC EXPENDITURE ON HIGHER EDUCATION IS AS % OF GDP

THE HIGHEST IMPROVEMENT IN THE REGION

Source: World Economic Forum

2007-2008 2013-2014

102

71

GLOBAL COMPETITIVENESS INDEX

31 positions in the last 7

years

THE STATE HAS INVESTED IN INFRASTRUCTURE:ports, airports, telecommunications, highways and power generation projects

Annual growth rate is 32.8%

More than USD 7.600 million invested

By 2016 Ecuador will have 8,300 MW installed

37,418 Kmof fiber optic cable

9,200 Km of roads and highways

Power generation projects

Source: MINTEL Source: MICSE Source: MICSE

17 Updated or new airports operated nationwide

86% 9,000 km of new highway system

With a public investment of more than USD 8 billion

8 new hydroelectric plants by 2016

With a public-private investment of over USD 4.5 billion

6 multi-purpose projects of irrigation and flood control

With a public investment surpassing USD 800 million

NATIONAL INDICATORS

Source: MCPEC

8₡ kilowatt per hourLower energy costs in the

region

29₡ Per liter of diesel

1.5$ Per cubic meter

One of the lowest fuel costs for the industry

One of the lowest costs of water in the region

One of the lowest energy costs in the region

COSTS OF ESSENTIAL SERVICES FOR INDUSTRIES

Source: OLADE- Year 2014 Source: World Bank – Year 2014

Source: Metropolitan Water and Sanitation Company of Quito

THANK YOU

INVESTMENT CATALOGhttp://embassyecuador.ca/investments.pdf