Ecuador’s Noboa Will Begin a Second Term with an Improving Economy
Despite difficult external conditions and other challenges, positive economic tailwinds offer opportunities to drive long-awaited reforms.
QUITO — Ecuador’s President Daniel Noboa is set to begin his first full term on May 24 with a strong mandate after winning reelection by a wider-than-expected margin. Even if his Acción Democrática Nacional (ADN) party did not win a majority in the National Assembly, it appears to have already formed the necessary alliances to advance its own legislation. While the economy is benefiting from favorable conditions that could promote faster growth, his government will face significant short-term challenges. The economy is expected to rebound this year, following a 2% contraction in...
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