Millionaire businessman Guillermo Lasso has been elected President of Ecuador

Millionaire businessman Guillermo Lasso will be Ecuador’s next president after winning a landslide victory in Sunday’s election by a 13-point deficit in the first and second rounds to defeat left-wing candidate Andres Arouz.

With 96.5 percent of the vote counted, the National Electoral Council voted 53.5 percent for Lassus and 4.5.5 percent for Araus. Almost every opinion poll of the poll suggested a poll Arauj Will win by a narrow margin,

At the upmarket in Quito, the capital of Ecuador, drivers saluted and shouted “Lasso! Lasso! ”While they were driving on the road

“Today is a day of celebration. Democracy has won, “Lasso, 65, told supporters in the port city of Guayaquil.” Ecuadorians, all of you….

Financial markets were expected to respond favorably. Ecuadorian bonds have rallied in recent weeks, according to opinion polls The gap is closed On Arouz, the 33-year-old leftist economist who had the backing of the country’s former leader Rafael Correa and was expected to be Ecuador’s youngest president.

Lasso promised He remained polarized and indebted to China even after he poured money into social programs in the decade of his tenure in power.

The agenda of the President-elect is ambitious. He has promised to balance the budget within four years, the country’s uncertain financial and one thousand given Effect The coronavirus economy shrunk by 8.6 percent last year and the central bank expects it to grow by only 3.1 percent in 2021.

Leftist economist Andres Arauz was backed by former President Rafael Correa, who is in exile in Belgium via AFP.

Lasso pledged to create 2 million jobs in 17.4 million countries and said Ecuador should double its oil production in the medium term. He added that the country would continue to use the US dollar as its official currency.

The president-elect has said he will basically comply .5 6.5bn nding program Ecuador agreed with the IMF last year, although it insisted it would not implement some of the proposed tax increases. His government, which will take office in May, is expected to make slight changes to the IMF.

Lasso added that he would respect this The agreement has reached Ecuador To restructure debt 17.4 billion in sovereign debt with bondholders last year.

His victory came in his third attempt at the presidency. In 2013, he was severely defeated by Korea, and in 2017 he was not in favor of re-election, he narrowly lost to Lenin Moreno.

Barely Lasso Run-off scrapped Arauz received less than 20 percent of the vote in the first round in February, when he received a third of the vote.

Norman Mack, a Latin America analyst at The Economist Intelligence Unit, said: “No candidate has managed to overcome the double-digit difficulty to win a run for the second time in the first round. “

Ecuadorian political analyst Johanna Andarango turned Lasso’s return into a picture Second round Of publicity.

“He changed his strategy. He tried to get the message of inclusion instead of attacking Korea and Arj, and he reached out to sectors of society that don’t usually vote for him, like the LGBT community, “he said.” He started using Tiktok. They had to arrive. ”

Perhaps the biggest symbol of Lasso’s fairy tales was his red shoes. Shortly after the first round, she posted a post on the popular short video app Ticket wearing a trendy pair of red trainers, pink three-quarter length trousers and a white jacket. Some mocked him, saying that Opus Dey, a conservative banker and a member of the Catholic organization, was making an unreasonable effort to seize the young vote. But it can work.

“I voted for Lasso,” said Monica Villanon as she left a polling station in Quito wearing red shoes. “He is not an economist, he does not have a PhD but he has experience and a good mind. I can’t say he trusted me completely but there is no other credible alternative. “

Anthony Andino, a 19-year-old voter who ran in his first election, said Korea – and the extension Arauos – represented the past. “I think Lasso promises more because Araujo came with Korea,” he said.

Many voters say they won by Lasso’s life story. The youngest of 11 children, he worked part-time on the 15-year-old Guyakil Stock Exchange to pay his school fees. He later became the largest shareholder in Banco Guacill and transformed it into one of the most successful donors in the country.

In 2013, he had a walking accident and needed a serious operation on his back. He got up to vote in Guayaquil on Sunday – wearing a crutch and wearing red shoes.

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