Lasso wins Ecuador presidency as Arauz concedes
The Hindu
Guillermo Lasso will take over from beleaguered Lenin Moreno on May 24 and will immediately face an economic crisis exasperated by a 7.8% contraction in GDP in 2020.
Former banker Guillermo Lasso won on April 11 after his socialist opponent Andres Arauz conceded. Conservative Lasso declared himself president-elect and accepted the “challenge” of changing Ecuador’s “destiny”. With 93% of votes counted, Mr. Lasso held a lead of almost five percentage points over economist Arauz.
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