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View Full Version : Ecuador Chooses Jobs Over Free Money



tailfins
04-11-2021, 08:54 PM
https://finance.yahoo.com/news/imf-deal-u-alliance-stake-100000017.html


(Bloomberg) -- Career banker Guillermo Lasso had a lead of nearly six percentage points over socialist economist Andres Arauz with most of the votes counted in Ecuador’s presidential election.Lasso had 52.8% of votes, while Arauz had to 47.2%, with 86% of ballots tallied.
Lasso’s supporters honked car horns in the capital Quito, and jumped and cheered in the coastal city of Guayaquil. The atmosphere at Arauz’s campaign headquarters was subdued.


Lasso, 65, says he’ll attract foreign investors and create jobs via policies that help the private sector. Arauz, 36, has pledged to pay a million poor families $1,000 each, with money taken out of the central bank’s reserves.
Arauz is a protege of former President Rafael Correa, who shut the U.S. military’s base in the country and forged an alliance with then-Venezuelan leader Hugo Chavez.

Lasso's lead is still at 5 points ~(52% to 47%) with 97% of the vote counted.

https://elecciones2021.cne.gob.ec/