From Rafael Correa to Guillermo Lasso via Lenin Moreno
On 11 April 2021, Guillermo Lasso (52,4%), the right-wing candidate, defeated Andres Arauz, the candidate supported by Rafael Correa and part of the Left, by 52.4% vs 47.6% in the second round of ballots for the presidential election.
Ecuador’s leftist candidate ratified as first round winner
Authorities officially confirmed that Andres Arauz and the banker Guillermo Lasso will compete for the presidency in the second round to be held on April 11.
Parliament rejects Moreno’s privatization of Central Bank
Parliament’s Legislative Administration Council (CAL) reported that the project had 14 unconstitutional aspects. The bill presented 84 reforms to the Organic Monetary and Financial Code that would allow a $400 million loan from the International Monetary Fund.