Ecuador Politics
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Ecuador president sworn in for new term:
The US- and Belgian-educated economist - an outspoken populist in the mould of his late mentor Hugo Chavez of Venezuela - has brought stability to a country that went through eight presidents, three of whom were ousted, in the decade before he was first elected in 2006. Ref. Source 9
Ecuadoran Parliament Begins Procedure to Resign from Rio Treaty :
The diplomat stated that in recent years the document has been used to justify interventionism and the use of force against Latin American countries and governments with nationalist, socialist, or populist tendencies. Ref. Source 2
Ecuador's Correa Celebrates 'Historic' Constitutional Changes:
The most controversial amendment eliminated term limits for political office. However, it included a provisional measure that made it so the change only takes place after May 24, 2017, effectively preventing the incumbent Correa from being able to immediately seek a third term. Ref. Source 3t
Ecuador votes to bar politicians from having assets in tax havens:
'civil servants will have one year to bring all their assets back to Ecuador, and if they don't comply with this within one year they will have to step down - including President and Vice-President. Ref. Source 2o.
Ecuador's presidential election balanced on a razor-thin margin late Sunday as the two runoff candidates were polling within 3 percentage points with over 96% of the votes counted.
As counting neared completion in Quito and around the country, leftist candidate Lenin Moreno of the ruling Alianza PAIS (Country Alliance) party held a narrow lead over conservative opponent Guillermo Lasso.
Preliminary figures released by the country's National Electoral Council (CNE) had Moreno with 51.1% for the votes cast, and Lasso at 48.9%, with 96.22% of the votes counted.
Around 8.30 p.m. Local time (7.30 p.m. ET) Moreno declared himself the winner, but shortly that after a nongovernmental organization that had been monitoring the result said that it was a virtual tie.
Ecuadorean state media declared Moreno -- outgoing President Rafael Correa's chosen successor -- the victor.
While no official announcement has yet been made by the CNE, the body said that Moreno was ahead by 2 percentage points and the trend was irreversible.
Lasso, a former banker, said that he was requesting a recount. Ref. CNN.