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.
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.
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.
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.
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.
After the United Kingdom has guaranteed that the founder of Wikileaks will not be extradited to the US, President Lenín Moreno invited Julian Assange to leave Ecuador's embassy in London, because his time of asylum in the diplomatic building after six years is about to run out.
A lawyer for former Ecuadoran president Rafael Correa denied a report on Thursday that he had requested asylum in Belgium as he faces prosecution at home over a kidnapping case.
Ecuadorean Judge Daniela Camacho Thursday ruled that former President Rafael Correa (2007-2017) is to stand trial for his alleged inolvement in the kidnapping of politician Fernando Balda in 2012 in Bogotá.
Ecuador's highest court has ordered former President Rafael Correa included in an investigation into a 2012 botched kidnapping of an opposition lawmaker. The judge in charge of the case gave Correa a month to clear his name.
Former Brazil's President Luiz Inacio Lula Da Silva, better or simply known as Lula, said Donald Trump doesn't care about Latin America in the least and added that Bush and Condoleezza Rice pursued a much more democratic policy towards Brazil than Barack Obama and Hillary Clinton.” In his view, Obama could give magnificent speeches, but never actually delivered.