AGP Executive Report
Last update: 3 hours agoSecurity & Trade Diplomacy: Argentina added Ecuador’s Chone Killers gang to its terrorist list as President Javier Milei met Ecuador’s Daniel Noboa in Quito, signing commercial and security agreements and discussing updates to a 1933 extradition treaty. Crime & Cross-Border Enforcement: Spain and Ecuador jointly seized 21 tonnes of cocaine and arrested 44 suspects in a case allegedly financed by Dubai-based investors, with Guayaquil-linked shipments reportedly used to mask drugs in legitimate cargo. Energy Markets: Colombia resumed electricity sales to Ecuador after a six-month suspension tied to tariff disputes, sending 358 MW (about 7%–8% of Ecuador’s needs), though transfers remain dependent on excess generation amid El Niño risk. Agribusiness: Ecuador’s banana exports rose 5.5% year-on-year in H1 2026 to over 210 million boxes, led by stronger EU demand while US and Africa shipments fell. El Niño Risk: The UN WFP warned nearly 50 million people could face severe starvation as El Niño intensifies and food systems remain strained. Business & Finance: Millicom (Tigo) reported Q2 2026 results with net profit down 83.9% but revenue up to $2.18B, raising equity free cash flow guidance to about $1.1B.
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