Ecuador's cement sector has to deliver

Ecuador's cement sector has to deliver
Published: 22 April 2016

Tagged Under: Weekly Newsletter Ecuador 

Ecuador has been in the news for all the wrong reasons following the devastating 7.8-magnitude earthquake which hit the South American country last Saturday. With more than 570 people known to have died and 25,000 people in temporary shelter, the country is expected to take years to rebuild the homes, bridges and roads destroyed by the quake, President Rafael Correa said on Wednesday. The estimated funds required for the rebuilding work amounts to US$3bn and the President has already announced that there will be a one-off tax on millionaires and a day's pay for anyone earning more than US$1000 a month and for those earning more than US$2000 a month a contribution of two day's pay etc.
 














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