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☆ 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
☆ Party backing Ecuador's Lasso will not field candidates in elections
  + stars: | 2023-06-06 | by ( ) www.reuters.com   time to read: +2 min
QUITO, June 6 (Reuters) - Ecuadorean President Guillermo Lasso's political movement Creating Opportunities will not field candidates for the country's early presidential or legislative elections, it said on Tuesday. Lasso, a conservative ex-banker, last week said he would not run as a candidate in presidential elections. Elected officials and the new president will only hold office until May 2025, when voting that had always been scheduled will take place. Members of Creating Opportunities can vote for whoever they like in the upcoming elections, but cannot support candidates who "do not respect the constitution and the law," Bernal said, without clarifying further. Reporting by Alexandra Valencia Writing by Oliver Griffin; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Guillermo Lasso's, Lasso, Ecuadoreans, Esteban Bernal, Bernal, Alexandra Valencia, Oliver Griffin, Barbara Lewis Organizations: Assembly, National Assembly, Thomson Locations: QUITO
☆ Ecuador not looking for new agreement with IMF, will maintain ties
  + stars: | 2022-12-16 | by ( ) www.reuters.com   time to read: +2 min
GUAYAQUIL, Dec 16 (Reuters) - Ecuador has fully financed its budget for next year and is not looking for a new credit agreement with the International Monetary Fund (IMF), the country's economy minister said on Friday, adding that the government will maintain close ties with the fund. The IMF this week concluded the latest review of its $6.5 billion financing agreement with Ecuador, opening the way for a final disbursement of $700 million to the South American nation. "We have already financed next year's budget without counting on resources from a potential program with the IMF," Arosemena told reporters in Guayaquil. The IMF agreement that ends this year established goals that included tax reform, audits of public companies such as Petroecuador, anti-corruption efforts and aid to the poor. The Ecuadorian government will decide during the first quarter of 2023 if it needs a new credit agreement with the IMF.
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