Ecuador goes with conservative banker Guillermo Lasso in presidential vote

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Results released by the Electoral Council showed Lasso with about 53 per cent and leftist Andrés Arauz at 47 per cent, with just over 90 per cent of votes counted

This translation has been automatically generated and has not been verified for accuracy.Voters in Ecuador appeared to turn to a conservative businessman in Sunday’s presidential runoff election, rebuffing a leftist movement that has held the presidency for over a decade marked by an economic boom and then a year-long recession, while in neighbouring Peru a crowded field of 18 candidates was virtually certain to result in a second round of presidential voting in June.

“Correa’s negatives outweighed the expectation of a new, unknown candidate who had no career and who did not campaign very well,” said Grace M. Jaramillo, an adjunct professor at the University of British Columbia whose research includes Latin America. “He did not speak for all audiences … for the entire population, and he could not respond to human rights accusations of the Correista era.”

Lasso finished second in the previous two presidential contests. He favours free-market policies and Ecuador’s rapprochement with international organizations. During the campaign, he proposed raising the minimum wage to $500, finding ways to include more youth and women in the labour market and eliminating tariffs for agricultural equipment.

Elections officials did not plan to officially declare a winner Sunday, but at least one head of state congratulated Lasso on the election’s outcome. Uruguayan President Luis Lacalle Pou tweeted that he had spoken with Lasso “to congratulate him on his success and to get to work together on the issues that our countries have in common.”

Peru’s election turned into a popularity contest in which one candidate even addressed how he suppresses his sexual desires. The crowded field of presidential hopefuls came months after the country’s political chaos reached a new level in November, when three men were president in a single week after one was impeached by Congress over corruption allegations and protests forced his successor to resign in favour of the third.

“So, we’ll likely continue to see significant legislative populism. This implies moves that seek to satisfy the public short-term needs and demands to the detriment of medium- and long-term sustainability,” Navas said. “Regardless of who wins, we believe that the president is somewhat unlikely to complete his or her term in office because of the of the populist-type of stance of the Congress and the risk of political instability is likely to persist through the administration.

 

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