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26 November, 2020 Ecuador Global: 67 Availability: 67 Cost: 42 Regulation: 53 Productivity: 50 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 21) Region: 14 Availability: 14 Cost: 12 Regulation: 12 Productivity: 12 Remote Readiness 17 Remote Readiness 71 $1.2 billion USD has been spent on limiting the financial impact of Covid-19 in Ecuador. Measures introduced included: Food baskets and cash transfers to people on lower incomes Easing of eligibility criteria for unemployment benefits Increased spending on health Changes to employment contracts to enable a shorter working week and more flexible work arrangements https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Although sea and land borders are closed, air borders are open in Ecuador. Arrivals must present a negative Covid-19 test result. Curfew restrictions no longer apply although local governments may impose tighter controls. Remote working is encouraged and schools have moved to online classes. Face masks and social distancing is required in public spaces. Ecuador Q4 2019* Q4 2020* % Change YOY Total Workforce 8.37M 7.87M -5.9% Unemployment Rate (%) 5.9% 6.6% +12% Unemployed Workers 494K 520K +5% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ https://www.ecuadorencifras.gob.ec