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Ecuador s recent presidential election edges closer to resolution

Ecuador’s recent presidential election edges closer to resolution By Michael Fox © Dolores Ochoa/AP Presidential candidate Yaku Pérez greets supporters as he leads a protest march to Quito, in Latacunga, Ecuador, Feb. 22, 2021. Pérez, who came in a close third in the recent elections, has alleged fraud after the results indicated he had fallen just short of defeating former banker Guillermo Lasso, preventing him from participating in the runoff with first-place finisher Andrés Arauz. Ecuador’s National Electoral Council finally confirmed the victory of the top two candidates early Sunday morning two weeks after the first round of the country’s presidential elections.

Ecuador Bonds Plunge as Pro-IMF Candidate Lags in Vote Count

Ecuador Bonds Plunge as Pro-IMF Candidate Lags in Vote Count Bloomberg 8/02/2021 Stephan Kueffner, Ben Bartenstein and Sydney Maki (Bloomberg) Ecuador’s dollar bonds slumped after investors’ preferred candidate unexpectedly trailed two rivals in Sunday’s presidential election. The nation’s recently restructured bonds due in 2030, 2035 and 2040 headed for their worst day since last year’s debt exchange. Andres Arauz, a socialist economist who rejects fiscal austerity demanded by the International Monetary Fund, won the first round. He’ll face either Yaku Perez, from the indigenous party Pachakutik, or the banker Guillermo Lasso in a runoff on April 11. © Bloomberg Ecuador s dollar debt slips as left-leaning candidates snag lead

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