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Rebooting the Ecuadoran Economy Should Be Top Priority for New Administration

LADB Article ID: 80513
Category/Department: Ecuador.
Date: 2018-02-02
By: Luis Ángel Saavedra

Ecuadoran President Lenín Moreno should concentrate on cleaning up the economy now that no obstacles stand on his way. His former vice president, Jorge Glas, is serving a six-year prison sentence for organizing a corruption network to the Brazilian giant Odebrecht. Moreno’s political party, Alianza País (AP), is now under his complete control, as former President Rafael Correa and his followers have left the ruling party to start a new political organization. The political hegemony Correa maintained for 10 years has fallen to pieces in the last seven months amid scandals of corruption involving his main collaborators. The National Assembly has a pro-administration majority. It appears that the referendum Marrero has called for Feb. 4 will easily succeed. And social organizations have called a truce while they wait to see where Moreno’s policies are headed. In this scenario, Moreno has no pretext to abandon the goals laid out during his campaign, especially that of implementing necessary conditions for the Ecuadoran economy to begin to grow.

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