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Conservative Ex-Banker Defeats Leftist Economist in Ecuadorian Presidential Election

HeadlineApr 12, 2021

In Ecuador, conservative ex-banker Guillermo Lasso has won Sunday’s presidential election. Leftist economist Andrés Arauz conceded to Lasso Sunday night. Lasso is backed by the country’s business sector, favors neoliberal policies and has vowed to increase foreign investment in Ecuador. Arauz had the support of former President Rafael Correa, who led the country from 2007 to 2017 and has been credited with lifting over a million Ecuadorians out of poverty. Lasso will assume office on May 24.

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