Free Trial

LATAM: Severe Drought Sees Ecuador Government Implement ‘Red Alert’ Warning

LATAM
  • Ecuador has declared a “red alert” for hydrological systems in a series of provinces due to severe drought, the environment ministry said in a statement late Thursday.
  • The alert by the National Emergency Committee was issued due to forest fires, drying out of reservoirs, and threats to food supply, and will lead the finance ministry to “prioritize” release of emergency funding, according to the statement. (BBG)
  • Earlier in the week, Ecuador's military began supporting operations at a major dam, following a government decision to implement a series of eight-hour nightly power cuts across the Andean country next week, amid the severe conditions which has caused water levels to plunge, affecting hydroelectric plants.
110 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Ecuador has declared a “red alert” for hydrological systems in a series of provinces due to severe drought, the environment ministry said in a statement late Thursday.
  • The alert by the National Emergency Committee was issued due to forest fires, drying out of reservoirs, and threats to food supply, and will lead the finance ministry to “prioritize” release of emergency funding, according to the statement. (BBG)
  • Earlier in the week, Ecuador's military began supporting operations at a major dam, following a government decision to implement a series of eight-hour nightly power cuts across the Andean country next week, amid the severe conditions which has caused water levels to plunge, affecting hydroelectric plants.