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Search resuls for: "National Democratic Action"


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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
"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
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
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
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