Tag: Rafael Correa

• Wednesday, March 15th 2023 - 10:09 UTC

  Quito, Buenos Aires expel ambassadors over convicted minister's escape

  

  Quito expelled Argentina's Ambassador Gabriel Fuks and Buenos Aires retaliated by giving Xavier Monge his marching orders after a former official of the Rafael Correa administration fled to Caracas where she expects to complete her asylum process with the government of Alberto Fernández.

• Friday, December 2nd 2022 - 19:06 UTC

  Argentina grants political asylum to former Ecuadorian Minister convicted of corruption

  

  Citing humanitarian grounds, the Government of Argentina has granted diplomatic asylum to the Ecuadorian national Maria de los Angeles Duarte Pesantes, a former official under former President Rafael Correa.

• Tuesday, May 25th 2021 - 09:06 UTC

  Conservative Guillermo Lasso is sworn in as Ecuador's new president

  

  Businessman, banker and centre-right conservative politician Guillermo Lasso has been sworn in as Ecuador's new President Monday for the next four years, in a ceremony held at the National Assembly in Quito.

• Monday, April 12th 2021 - 10:45 UTC

  Third-time lucky: Lasso becomes Ecuador's president-elect

  

  Contrary to expectations, Guillermo Lasso Sunday surprisingly beat Andrés Arauz to become Ecuador's next president. Lasso, a conservative, was a sure winner in the evening as 97.91% of the votes were counted.

• Wednesday, February 10th 2021 - 10:17 UTC

  Next president of Ecuador will have to govern with a fragmented legislature

  

  The recent general elections in Ecuador defined a legislative panorama radically different from the previous one, with two forces that will hold more than 50% of the total of 137 seats, the Correista alliance Union for Hope (UNES) and the indigenous party Pachakutik (PK), and the disappearance of Alianza PAIS, the force founded by former president Rafael Correa and taken over four years ago by outgoing president Lenín Moreno.

• Monday, February 8th 2021 - 10:42 UTC

  Ecuadorean presidential runoff in April between a populist and a conservative banker

  

  Ecuadorean presidential candidate Andres Arauz, and protegé of ex populist president Rafael Correa claimed victory in Sunday's election, although exit polls indicate he will face a runoff on 11 April, according to primary results.

• Friday, February 5th 2021 - 12:25 UTC

  Ecuador Sunday election, a return to heterodox populist economic policies?

  

  Uncertain times ahead for Ecuador, if after four years of orthodox economic policies to try and balance government accounts and restructure foreign debt are followed by promises of heterodox economics and populist handouts.

• Tuesday, September 8th 2020 - 09:45 UTC

  Ecuadorean court upholds sentence against ex president Correa and bans him from 2021 election

  

  An Ecuadorian court on Monday upheld an eight-year prison sentence against former President Rafael Correa for breaking campaign finance laws, blocking him from participating as a vice-presidential candidate in the 2021 election.

• Wednesday, February 12th 2020 - 08:36 UTC

  Ex Ecuadorean president and several ministers on trial for accepting millions of dollars in bribes

  

  Former President Rafael Correa went on trial before Ecuador’s highest court starting Monday on charges of campaign finance fraud and accepting millions of dollars in bribes.

• Wednesday, January 30th 2019 - 09:33 UTC

  Ecuador issues 10-year sovereign bonds at 10.75% yield

  

  Ecuador’s finance ministry said it had placed about US$1 billion in 10-year sovereign bonds in the international market. Proceeds from the 10.75% bonds will be used to strengthen the country’s reserves and help fund this year’s budget which has financing needs of about US$ 8 billion, the ministry said in a statement.