Ecuador’s Guillermo Lasso Has His Work Cut Out for Him
By
Sebastián Hurtado
The incoming president’s market-friendly agenda will face strong headwinds.
QUITO - When he takes office as Ecuador's president on May 24, Guillermo Lasso will finally have a shot at the market-oriented overhaul of the country's economy and institutions that he has promised for three consecutive presidential campaigns. The road ahead, however, may be tougher than he ever anticipated. The former banker will enter the presidential palace with a weak mandate, limited fiscal resources and plenty of opponents in Congress. In the first round of this year’s election, Lasso earned just 20% of the vote, and his party actually lost seats in the legislature....
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