Udayavni Special

Former banker Guillermo Lasso becomes president of Ecuador


PTI, May 25, 2021, 9:09 AM IST

Quito: Former banker Guillermo Lasso was sworn in as president of Ecuador on Monday, saying he will escalate efforts to vaccinate people to protect them from COVID-19 and work to revive an economy hit hard by the pandemic.

So far, Ecuador has vaccinated just 3 per cent of the total population of 17 million, and the country is struggling with high unemployment and debt levels.

Lasso wants his new government to vaccinate nine million people in his first 100 days in office, and he has reached out to pharmaceutical companies in the United States, China and Russia in hopes of reaching that goal.

“It will not be a government that only promises,” said 65-year-old Lasso, who was elected in April in his third run for the presidency, replacing President Lenín Moreno.

“As Ecuadorians, we all share the same destiny, it is everyone’s obligation to assume the challenges that the future imposes on us, enormous challenges that cannot be faced in isolation,” Lasso said.

Some analysts have described Lasso as a market-friendly figure who is likely to seek good relations with the International Monetary Fund and other global organizations, though he could encounter significant opposition to his policies in Ecuador’s congress.

In the runoff election, Lasso defeated Andrés Arauz, a protégé of former President Rafael Correa who governed Ecuador from 2007 through 2017.

Correa increased spending and state intervention in the economy, oversaw a new constitution and grew increasingly authoritarian in the latter years of his presidency.

He was sentenced in absentia to prison last year in a corruption scandal.

His inauguration was attended by dignitaries including Spanish King Felipe VI, Brazilian President Jair Bolsonaro and the president of Haiti, Jovenel Moise.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Gift of mobility: Kundapur youth makes wheeled prosthetic to an injured stray dog

Karnataka to likely to reopen colleges after vaccinating all college students, teachers by July end, says Dy CM

White tiger: Vijayanagara Cong workers adopt Arjuna on behalf of RaGa

India records 54,069 new cases of COVID-19, 1,321 deaths in a day

Mumbai court temporarily restrains Kamaal Khan from posting videos, comments on Salman

MTB Nagaraj made Bengaluru Rural district in-charge Minister

B’luru: Woman trying to sell 1947 Rs 1 coin online cheated of Rs 1 lakh



Related Articles More

Delta variant now reported in 85 countries globally, expected to become dominant lineage: WHO

ISRO, NOAAA-led multinational project endorsed by UN body

Biden targets law-breaking gun dealers in anti-crime plan

All set for in-person extradition hearing of Tahawwur Rana in LA

India pushing for comprehensive ceasefire in Afghanistan amid reports of its contact with Taliban

MUST WATCH

Udayavani News Bulletin 23-06-2021

Food Crisis In North Korea

Bomb blast near Hafiz Saeed’s House

TERRORIST ENCOUNTER IN KASHMIR

Sanchari Vijay’s brother Virupaksha clarifies the rumors

Latest Additions

Gift of mobility: Kundapur youth makes wheeled prosthetic to an injured stray dog

Bengaluru: Boy attends friend’s birthday party; loses arm after friend injects drugs, poisons him

Woman gets over 150 Amazon packages by mistake

How business accelerators can help new startups succeed after COVID-19

Karnataka to likely to reopen colleges after vaccinating all college students, teachers by July end, says Dy CM

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.