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☆ Ecuadorians wanted an action man. President Noboa has fulfilled that role — embassy raid included
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: +7 min

The President of the Republic of Ecuador, Daniel Noboa, during the Spain-Ecuador business meeting at the headquarters of the CEOE, on 25 January, 2024 in Madrid, Spain. "President Noboa has given a strong message to the nation," said Carlos Galecio, a political communications consultant and coordinator of the communications program at Ecuador's Casa Grande University. "I am in favor of President Noboa's actions. "The priority is to clean, sanitize, continue with a process as important as President Noboa's to put the house in order." "The United States takes very seriously the obligation of host countries under international law to respect diplomatic missions," said Brian Nichols, assistant secretary of state for Western Hemisphere affairs.

Persons: Daniel Noboa, Daniel Noboa's, Ecuadorians, Noboa, Carlos Galecio, Rafael Correa, Nayib Bukele, Cedatos, Jorge Glas, Glas, Noboa's, Gabriela Sandoval, Roberto Aspiazu, Will Freeman, Freeman, Brian Nichols Organizations: Ecuadorian, Associated Press, Casa Grande University, Statistics, Police, Vienna Convention, America's Pacific Alliance, Foreign Relations, Mexico's, Jalisco New Generation, United, Western Hemisphere Locations: Republic of Ecuador, Spain, Ecuador, Madrid, Belgium, El Salvador, Quito, Vienna, Mexico, The Hague, Noboa, York, Latin America, Colombia, Peru, Mexico's Sinaloa, Jalisco, U.S, United States

☆ Ecuador to Begin Cutting Fuel Subsidies in Q2
▼ + stars: | 2024-01-30 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

Noboa wants the measures to help finance his military offensive against criminal gangs, which he has designated as terrorist groups. "We agree with targeting subsidies," Noboa said in an interview with Ecuavisa, a local television channel. Subsidies will be removed gradually from gasoline, he said, adding that domestic gas and diesel will not be affected by the change. Last year Ecuador expected to allocate more than $2.6 billion of its budget to fuel subsidies. The government is looking for foreign investment to build a diesel refining system in Ecuador and improve the electrical grid to make eliminating the subsidies sustainable, Noboa said.

Persons: Alexandra Valencia, Daniel Noboa, Noboa, Ecuavisa, Oliver Griffin, Barbara Lewis Organizations: Alexandra Valencia QUITO, National Assembly, ITT Locations: Ecuador

☆ Ecuadorean Prosecutor Killed by Gang, Two Arrested -Police
▼ + stars: | 2024-01-18 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

By Yury Garcia and Alexandra ValenciaGUAYAQUIL/QUITO (Reuters) -Two suspects have been arrested in connection with the murder of Ecuadorean prosecutor Cesar Suarez who was allegedly targeted by a gang, police said on Thursday, as security forces continued interventions in prisons. Incidents this month have included an attack by armed gunmen on the TC television station, the hostage-taking of more than 200 prison staff and the kidnapping of police officers. Suarez was in charge of investigating the television station attack, when journalists and others were briefly held hostage, as well as cases connected to corruption and drug trafficking, Herrera said. Police detained 13 people, including two minors, in connection with the television station attack. Ecuadorean bonds continued to rise on Thursday on views the crisis could become a catalyst for policy action.

Persons: Yury Garcia, Alexandra Valencia, Cesar Suarez, Daniel Noboa, Suarez, Victor Herrera, Herrera, Adolfo Macias, Ecuadorean, Rodrigo Campos, Julia Symmes Cobb Organizations: Alexandra, Alexandra Valencia GUAYAQUIL, TC, Police, Security Locations: QUITO, Ecuador, Guayas province, Guayaquil, America, Quito, New YorkWriting

☆ Ecuador Cracks Down on Prisons to Restore Order After Hostage Crisis
▼ + stars: | 2024-01-14 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

QUITO (Reuters) - Ecuador's police and military on Sunday were aiming to restore order inside the country's dangerous prisons where dozens of staff were held hostage by inmates amid an uptick in violence in the Andean nation. Images on social media shared by Ecuadorean armed forces showed shirtless prisoners on their knees with hands on their heads as armed soldiers entered the seven jails that were the scenes of a hostage crisis that ended Saturday evening. Security forces were conducting searches and regaining control of the prisons, the military said. We are doing so in a very calm manner," Norman Cano, police chief at the Esmeraldas prison, said on social media. The hostages, which the SNAI prison agency previously said were 158 guards and 20 administrative staffers, were held since last Monday in at least seven prisons before they were freed.

Persons: Norman Cano, Daniel Noboa's, Alexandra Valencia, Cassandra Garrison, Mark Porter Organizations: Security Locations: QUITO

☆ Eleven Prison Guards Held Hostage by Inmates in Ecuador Freed
▼ + stars: | 2024-01-13 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

By Alexandra ValenciaQUITO (Reuters) -Eleven prison staff members who had been held by inmates at the Esmeraldas prison in Ecuador were freed on Saturday, police said. They were among 158 guards and 20 administrative staffers taken hostage since Monday in at least seven prisons amid a sharp increase in violence in the South American country. Eight other prison staff had been freed before Saturday, officials said. Ecuador is grappling with a security crisis that worsened this week with the on-air storming of a TV station, the hostage-taking of dozens of prison staff by inmates and the kidnapping of police officers. (Reporting by Alexandra Valencia, writing by Cassandra Garrison;Editing by Alistair Bell and Will Dunham)

Persons: Alexandra Valencia, Daniel Noboa's, Cassandra Garrison, Alistair Bell, Will Dunham Organizations: Alexandra Valencia QUITO Locations: Ecuador

☆ New Ecuador president Noboa pledges reforms to reduce violence, create jobs
▼ + stars: | 2023-11-23 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

[1/2] Ecuador's President Daniel Noboa signs first decrees to appoint ministers, at the Presidential Palace (Palacio de Carondelet) on the day of his swearing-in ceremony, in Quito, Ecuador November 23, 2023. REUTERS/Karen Toro Acquire Licensing RightsQUITO, Nov 23 (Reuters) - Business heir and former legislator Daniel Noboa was sworn in as Ecuador's new president on Thursday, pledging to reduce violence and create jobs via urgent legislative reforms. Noboa will serve as president for just 17 months, finishing predecessor Guillermo Lasso's term after Lasso brought forward elections to avoid likely impeachment. DEBT AND SECURITYThough most of Noboa's cabinet was sworn in later on Thursday, the young president did not appoint a minister of economy and finance, leaving the position vacant. Noboa is the son of Alvaro Noboa, a powerful banana baron billionaire who repeatedly failed to win Ecuador's presidency.

Persons: Daniel Noboa, Karen Toro, Fernando Villavicencio, Noboa, Guillermo Lasso's, Lasso, Sariha Moya, Rafael Correa, Alvaro Noboa, Lavinia Valbonesi, Alexandra Valencia, Julia Symmes Cobb, Oliver Griffin, Marguerita Choy, Bill Berkrot Organizations: Carondelet, REUTERS, Rights, National Assembly, El, Social Christian Party, Citizens, Ecuador's, Thomson Locations: Quito, Ecuador, Rights QUITO, American, Noboa, Europe

☆ Ecuador legislature begins new session, Noboa joins leftists for majority
▼ + stars: | 2023-11-17 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

Members of Ecuador's National Assembly take part in a session, the first since President Guillermo Lasso dissolved the assembly, to elect a new head of the legislature, in Quito, Ecuador November 17, 2023. The legislature was dissolved in May by outgoing President Guillermo Lasso to avoid his own likely impeachment, bringing forward legislative and presidential elections scheduled for 2025. Analysts say the coalition could help Noboa ensure he is able to govern - unlike his predecessor Lasso - during his truncated term. Noboa, who won a runoff election in October to beat Correa's protégé Luisa Gonzalez, will be sworn in next week. Reporting by Alexandra Valencia; Writing by Oliver Griffin; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Guillermo Lasso, Karen Toro, Daniel Noboa, Rafael Correa, Henry Kronfle, Noboa, ADN, Alfredo Espinosa, Fernando Villavicencio, Correa, Correa's protégé Luisa Gonzalez, Alexandra Valencia, Oliver Griffin, Richard Chang Organizations: Ecuador's National, REUTERS, Rights, National, Social Christian Party, PSC, Noboa's National Democratic, Thomson Locations: Quito, Ecuador, Rights QUITO

☆ Businessman Noboa to face economic, security hurdles as Ecuador president
▼ + stars: | 2023-10-16 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

"We do not anticipate the Noboa administration will be in the position to carry out deep structural reforms." Noboa is set to take office in December and complete the current administration's term through May 2025. Noboa will need to ensure some quick security wins during his first 90 days in office to appease social and political pressures, JPMorgan added. Noboa, Ecuador's youngest president in recent history, would be able to run again in the regularly scheduled 2025 contest. Noboa made a special point to woo young people, with some supporters touting his victory as a fresh start for the country's politics.

Persons: Daniel Noboa, Noboa, Luisa Gonzalez, Rafael Correa, Ecuadorean, Goldman Sachs, Fernando Villavicencio, Alvaro, Guillermo Lasso, Lasso, Alexandra Valencia, Rodrigo Campos, Julia Symmes Cobb, Gerry Doyle, Jonathan Oatis Organizations: Wall Street, JPMorgan, El, National Democratic Action, Thomson Locations: QUITO, American, Ecuador, Quito, Ecuador's

QUITO, Ecuador (AP) — Daniel Noboa has managed to do what his father failed at five times: Getting elected as Ecuador’s president. Political Cartoons View All 1211 ImagesAnd as he is getting a truncated term, Noboa faces a daunting task. He cut his term short when he dissolved the National Assembly in May as lawmakers pursued impeachment proceedings against him over alleged improprieties in a government contract. His political career began in 2021, when he got a seat in the National Assembly and chaired its Economic Development Commission. The younger Noboa's party will not have have enough seats in the National Assembly to be able to govern on its own.

Persons: — Daniel Noboa, ”, Will Freeman, “, Guillermo Lasso, Noboa, Luisa González, Rafael Correa, González, Ecuadorians, Fernando Villavicencio, themslves, Álvaro, Lasso, Julio Ricaurte, Villavicencio, Correa, Rosa Amaguaña, ” Amaguaña, ” ___ Garcia Cano Organizations: American, Voters, Council, Foreign Relations, National Assembly, Corp, Economic Development Commission, National Police, Assembly Locations: QUITO, Ecuador, U.S, “, Quito, Noboa, Colombia, Peru, Mexican, wife’s, Belgium, Caracas, Venezuela

QUITO/GUAYAQUIL, Oct 15 (Reuters) - Business heir Daniel Noboa on Sunday won Ecuador's presidential election, vowing to rebuild the South American country, which is struggling with a weak economy and rising crime and violence. "From tomorrow Daniel Noboa starts work as your new president," he added. "Daniel Noboa, our profound congratulations, because this is democracy," Gonzalez told supporters in Quito, calling on Noboa to fulfill his promises to students and the elderly. [1/16]Ecuadorian presidential candidate Daniel Noboa and his wife Lavinia Valbonesi celebrate his win in the presidential election, in Santa Elena, Ecuador. Analysts have said a Noboa victory initially could be perceived as positive by investors, but longer-term outlook will depend on his cabinet appointments.

Persons: Daniel Noboa, Noboa, Fernando Villavicencio, Alvaro, Luisa Gonzalez, Gonzalez, Rafael Correa, Lavinia Valbonesi, Santiago Arcos, Eduardo Chavez, Diana Atamaint, Correa, Guillermo Lasso, Alexandra Valencia, Yury Garcia, Tito Correa, Rodrigo Campos, Julia Symmes Cobb, Diane Craft, Bill Berkrot, Deepa Babington, Gerry Doyle Organizations: Sunday, Ecuadorian, Santiago, National Democratic, Thomson Locations: QUITO, GUAYAQUIL, American, Ecuador, Olon, Quito, Santa Elena, Guayaquil, Sucumbios, Nicaragua, Russia, Belarus, Israel, Canuto, New York

☆ Ecuadoreans weigh economic, security pledges in presidential ballot
▼ + stars: | 2023-10-15 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

The violence, which the outgoing government blames on drug gangs, reached a crescendo during the campaign with the murder of anti-corruption candidate Fernando Villavicencio, who was shot dead while leaving a Quito campaign event in August. He is the son of multimillionaire banana magnate Alvaro Noboa, who himself ran unsuccessfully for president numerous times. "So while the first reaction is positive, because he's a pro-business candidate, pro-business and pro-markets can mean two different things." Both have pledged to beef up security at ports and airports, hot spots for drug smuggling. About a quarter of the 13 million Ecuadoreans obliged to vote are between the ages of 18 and 29.

Persons: Ecuadoreans, Fernando Villavicencio, Daniel Noboa, Luisa Gonzalez, Rafael Correa, Gonzalez, Alvaro Noboa, Guillermo Lasso, Zulfi Ali, Ali, he's, Correa, Noboa, Alexandra Valencia, Rodrigo Campos, Julia Symmes Cobb, Diane Craft Organizations: Voters, PGIM, Correa's Citizens, National Democratic, Thomson Locations: QUITO, Quito, Guayaquil, New York

☆ Ecuador Banana Heir Daniel Noboa Hopes to Fulfill Father's Presidential Dreams
▼ + stars: | 2023-10-12 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +3 min

Gonzalez won an August first round with 34%, while Noboa came a surprising second with 23%. Noboa has also promised job creation, particularly for young people, and spent significant time campaigning at universities. He would boost employment through investment in strategic sectors and vocational training for job hunters, Noboa has pledged. Noboa resigned from a management position at his family's corporation to enter politics, winning a legislature seat in 2021. Noboa, a married father of two, frequently appears in videos on social media dancing and singing or DJ-ing music at his political rallies.

Persons: Alexandra Valencia, Daniel Noboa, Alvaro Noboa's, Luisa Gonzalez, Rafael Correa, Gonzalez, Noboa, Fernando Villavicencio, Guillermo Lasso, Janeth Tayo, Oliver Griffin, Rosalba O'Brien Organizations: Alexandra Valencia QUITO Locations: Ecuador, Guayaquil, Sangolqui, Quito

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