IBOV 176,357 ▼ 0.85% IPSA 10,967 ▼ 0.81% IPC MEX 66,217 ▼ 0.42% MERVAL 3,260,147 ▼ 0.61% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▲ 0.01% USD/BRL5.13▲ 0.52% USD/MXN17.52▲ 0.28% USD/CLP928.60▲ 0.40% USD/COP3,237▼ 0.27% USD/PEN3.41▲ 0.47% USD/ARS1,486▼ 0.10% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.37▼ 0.19% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▼ 0.25% USD/TTD6.74▼ 0.12% EUR/BRL5.87▲ 0.81% BRENT 80.35 ▲ 5.71% WTI 75.45 ▲ 5.66% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.76% GOLD 4,006 ▼ 2.39% SILVER 57.97 ▼ 3.08% SOY 1,200 ▲ 0.25% CORN 466.50 ▲ 6.51% WHEAT 638.00 ▲ 0.95% COFFEE 329.60 ▼ 3.91% SUGAR 14.70 ▼ 1.21% ORANGE JUICE 141.10 ▼ 4.57% COTTON 81.49 ▲ 1.96% COCOA 5,812 ▼ 1.81% BEEF 235.33 ▲ 0.05% CATTLE 355.93 ▲ 0.37% LITHIUM 70.30 ▼ 2.79% PETR4 40.67 ▲ 2.57% VALE3 72.85 ▼ 1.79% ITUB4 43.74 ▼ 1.26% BBDC4 18.84 ▼ 0.11% ABEV3 15.84 ▲ 0.13% BBAS3 20.28 ▼ 1.46% B3SA3 15.12 ▼ 1.95% WEGE3 44.53 ▼ 4.26% PRIO3 56.40 ▲ 1.71% SUZB3 41.54 ▼ 0.02% RENT3 40.59 ▼ 1.24% AZZA3 19.18 ▲ 0.42% CSAN3 3.93 ▼ 3.44% RAIZ4 0.34 ▼ 2.86% PCAR3 2.65 ▼ 2.93% GMAT3 3.99 ▲ 0.50% PSSA3 53.93 ▼ 1.89% CVCB3 1.24 ▼ 0.80% POSI3 3.91 ▼ 1.51% SLCE3 14.04 ▲ 0.14% NATU3 8.70 ▲ 0.23% BRKM5 6.67 ▲ 0.60% RANI3 7.97 ▼ 0.50% CSNA3 5.22 ▲ 0.77% CMIN3 5.45 ▲ 4.21% USIM5 8.40 ▼ 0.59% GGBR4 23.09 ▲ 0.35% ENEV3 27.09 ▼ 1.67% CPFE3 47.12 ▼ 1.57% CMIG4 11.10 ▼ 2.46% EQTL3 40.34 ▼ 1.39% LREN3 14.42 ▼ 1.37% VIVT3 35.28 ▼ 1.31% RAIL3 14.15 ▼ 1.46% KLABIN 17.49 ▼ 0.29% RAIA DROGASIL 18.38 ▼ 2.08% RDOR3 35.62 ▼ 1.11% HAPV3 10.51 ▼ 0.85% FLRY3 16.27 ▼ 0.91% SMTO3 16.66 ▲ 1.77% UGPA3 31.01 ▲ 0.98% VBBR3 33.33 ▲ 1.00% BBSE3 40.14 ▼ 0.52% BPAC11 57.84 ▼ 1.52% CURY3 33.57 ▼ 1.87% AERI3 2.05 ▼ 1.91% VIVARA 23.17 ▼ 1.53% COMPASS 25.12 ▼ 1.49% VAMOS 3.03 ▼ 0.98% SANB11 27.22 ▼ 1.45% ASAI3 8.78 ▼ 1.01% SBSP3 30.50 ▼ 1.96% WALMEX 49.98 ▲ 1.36% GMEXICO 195.27 ▼ 1.69% FEMSA 226.32 ▲ 1.40% CEMEX 21.74 ▼ 0.37% GFNORTE 184.49 ▼ 1.08% BIMBO 56.29 ▲ 0.34% TELEVISA 9.54 ▼ 1.95% AMX 22.99 ▲ 1.28% GAP 407.76 ▼ 1.14% ASUR 279.87 ▼ 1.84% OMA 232.31 ▼ 1.76% KOF 181.14 ▲ 0.55% GRUMA 283.46 ▼ 0.03% KIMBER 38.32 ▲ 0.66% SQM-B 67,156 ▼ 0.88% COPEC 6,105 ▼ 0.55% BSANTANDER 77.71 ▼ 1.63% FALABELLA 5,990 ▲ 1.44% ENELAM 84.59 ▼ 0.95% CENCOSUD 2,044 ▼ 0.05% CMPC 1,099 ▼ 0.87% BANCO CHILE 184.60 ▼ 2.27% LATAM AIR 25.46 ▼ 3.05% YPF 76,900 ▲ 3.36% GGAL 8,155 ▼ 2.16% PAMPA 5,275 ▲ 1.83% TXAR 668.50 ▼ 0.37% ALUAR 979.50 ▲ 0.41% TGS 9,750 ▲ 1.62% CEPU 2,363 ▼ 1.38% MIRGOR 16,975 ▼ 1.59% COME 45.02 ▼ 1.94% LOMA NEGRA 3,530 ▼ 1.47% BYMA 307.50 ▼ 2.07% TELECOM ARG 4,225 ▼ 0.47% ECOPETROL 15.78 ▲ 1.28% BANCOLOMBIA 81.07 ▼ 2.27% GRUPO AVAL 4.98 ▼ 1.74% CREDICORP 392.31 ▼ 2.12% SOUTHERN COPPER 175.43 ▼ 0.23% BUENAVENTURA 29.84 ▼ 0.55% MERCADOLIBRE 1,874 ▲ 1.19% NUBANK 13.78 ▲ 0.11% XP 16.51 ▼ 2.45% PAGSEGURO 9.36 ▲ 1.14% STONE 11.26 ▲ 0.45% GLOBANT 32.23 ▲ 7.58% TECNOGLASS 42.48 ▼ 3.23% GAP AIRPORT 232.41 ▼ 1.37% ASUR 279.87 ▼ 1.84% OMA AIRPORT 106.14 ▼ 1.76% AMX ADR 26.22 ▲ 0.81% FEMSA ADR 129.27 ▲ 1.26% CEMEX ADR 12.40 ▼ 0.68% PETROBRAS ADR 17.76 ▲ 2.54% VALE ADR 14.18 ▼ 1.95% ITAU ADR 8.52 ▼ 1.17% SANTANDER BR 5.33 ▼ 1.11% AMBEV ADR 3.07 ▼ 0.16% CSN 1.03 ▲ 1.49% GERDAU 4.51 ▲ 0.11% LATAM ADR 54.79 ▼ 2.94% BTC 62,207 ▼ 2.43% ETH 1,770 ▼ 1.96% SOL 75.22 ▼ 2.15% XRP 1.07 ▼ 1.67% BNB 565.51 ▼ 1.47% ADA 0.16 ▼ 2.38% DOGE 0.07 ▼ 1.53% AVAX 6.51 ▲ 1.69% LINK 7.89 ▼ 1.34% DOT 0.84 ▼ 0.74% LTC 43.29 ▼ 1.55% BCH 235.61 ▼ 1.81% TRX 0.33 ▼ 1.71% XLM 0.18 ▼ 2.40% HBAR 0.07 ▼ 1.39% NEAR 1.94 ▲ 2.88% ATOM 1.54 ▼ 1.54% AAVE 94.75 ▼ 2.38% SELIC 14.25% EMBRAER 83.18 ▼ 1.68% EGX 52,608 ▲ 0.67% USD/ZAR16.43▲ 0.65% USD/NGN1,378▼ 0.05% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.44▲ 0.45% USD/CNY6.77▼ 0.14% DAX 25,114 ▲ 0.19% CAC 8,365 ▲ 0.31% FTSE 10,498 ▲ 0.01% MIB 52,809 ▲ 0.37% IBEX 19,336 ▼ 0.25% STOXX 641.01 ▼ 0.01% EUR/USD1.14▼ 0.08% GBP/USD1.34▼ 0.19% SPX 7,522 ▼ 0.71% DJI 52,379 ▼ 0.49% NDX 29,302 ▼ 1.75% RUT 2,958 ▼ 0.65% TSX 35,187 ▼ 0.33% VIX 16.38 ▲ 8.98% USD/CAD1.41▼ 0.09% US10Y 4.6040 ▲ 0.77% IBOV 176,357 ▼ 0.85% IPSA 10,967 ▼ 0.81% IPC MEX 66,217 ▼ 0.42% MERVAL 3,260,147 ▼ 0.61% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▲ 0.01% USD/BRL 5.13 ▲ 0.52% USD/MXN 17.52 ▲ 0.28% USD/CLP 928.60 ▲ 0.40% USD/COP 3,237 ▼ 0.27% USD/PEN 3.41 ▲ 0.47% USD/ARS 1,486 ▼ 0.10% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.37 ▼ 0.19% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.15% USD/TTD 6.74 ▲ 1.31% EUR/BRL 5.87 ▲ 0.81% BRENT 80.35 ▲ 5.71% WTI 75.45 ▲ 5.66% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.76% GOLD 4,006 ▼ 2.39% SILVER 57.97 ▼ 3.08% SOY 1,200 ▲ 0.25% CORN 466.50 ▲ 6.51% WHEAT 638.00 ▲ 0.95% COFFEE 329.60 ▼ 3.91% SUGAR 14.70 ▼ 1.21% ORANGE JUICE 141.10 ▼ 4.57% COTTON 81.49 ▲ 1.96% COCOA 5,812 ▼ 1.81% BEEF 235.33 ▲ 0.05% CATTLE 355.93 ▲ 0.37% LITHIUM 70.30 ▼ 2.79% PETR4 40.67 ▲ 2.57% VALE3 72.85 ▼ 1.79% ITUB4 43.74 ▼ 1.26% BBDC4 18.84 ▼ 0.11% ABEV3 15.84 ▲ 0.13% BBAS3 20.28 ▼ 1.46% B3SA3 15.12 ▼ 1.95% WEGE3 44.53 ▼ 4.26% PRIO3 56.40 ▲ 1.71% SUZB3 41.54 ▼ 0.02% RENT3 40.59 ▼ 1.24% AZZA3 19.18 ▲ 0.42% CSAN3 3.93 ▼ 3.44% RAIZ4 0.34 ▼ 2.86% PCAR3 2.65 ▼ 2.93% GMAT3 3.99 ▲ 0.50% PSSA3 53.93 ▼ 1.89% CVCB3 1.24 ▼ 0.80% POSI3 3.91 ▼ 1.51% SLCE3 14.04 ▲ 0.14% NATU3 8.70 ▲ 0.23% BRKM5 6.67 ▲ 0.60% RANI3 7.97 ▼ 0.50% CSNA3 5.22 ▲ 0.77% CMIN3 5.45 ▲ 4.21% USIM5 8.40 ▼ 0.59% GGBR4 23.09 ▲ 0.35% ENEV3 27.09 ▼ 1.67% CPFE3 47.12 ▼ 1.57% CMIG4 11.10 ▼ 2.46% EQTL3 40.34 ▼ 1.39% LREN3 14.42 ▼ 1.37% VIVT3 35.28 ▼ 1.31% RAIL3 14.15 ▼ 1.46% KLABIN 17.49 ▼ 0.29% RAIA DROGASIL 18.38 ▼ 2.08% RDOR3 35.62 ▼ 1.11% HAPV3 10.51 ▼ 0.85% FLRY3 16.27 ▼ 0.91% SMTO3 16.66 ▲ 1.77% UGPA3 31.01 ▲ 0.98% VBBR3 33.33 ▲ 1.00% BBSE3 40.14 ▼ 0.52% BPAC11 57.84 ▼ 1.52% CURY3 33.57 ▼ 1.87% AERI3 2.05 ▼ 1.91% VIVARA 23.17 ▼ 1.53% COMPASS 25.12 ▼ 1.49% VAMOS 3.03 ▼ 0.98% SANB11 27.22 ▼ 1.45% ASAI3 8.78 ▼ 1.01% SBSP3 30.50 ▼ 1.96% WALMEX 49.98 ▲ 1.36% GMEXICO 195.27 ▼ 1.69% FEMSA 226.32 ▲ 1.40% CEMEX 21.74 ▼ 0.37% GFNORTE 184.49 ▼ 1.08% BIMBO 56.29 ▲ 0.34% TELEVISA 9.54 ▼ 1.95% AMX 22.99 ▲ 1.28% GAP 407.76 ▼ 1.14% ASUR 279.87 ▼ 1.84% OMA 232.31 ▼ 1.76% KOF 181.14 ▲ 0.55% GRUMA 283.46 ▼ 0.03% KIMBER 38.32 ▲ 0.66% SQM-B 67,156 ▼ 0.88% COPEC 6,105 ▼ 0.55% BSANTANDER 77.71 ▼ 1.63% FALABELLA 5,990 ▲ 1.44% ENELAM 84.59 ▼ 0.95% CENCOSUD 2,044 ▼ 0.05% CMPC 1,099 ▼ 0.87% BANCO CHILE 184.60 ▼ 2.27% LATAM AIR 25.46 ▼ 3.05% YPF 76,900 ▲ 3.36% GGAL 8,155 ▼ 2.16% PAMPA 5,275 ▲ 1.83% TXAR 668.50 ▼ 0.37% ALUAR 979.50 ▲ 0.41% TGS 9,750 ▲ 1.62% CEPU 2,363 ▼ 1.38% MIRGOR 16,975 ▼ 1.59% COME 45.02 ▼ 1.94% LOMA NEGRA 3,530 ▼ 1.47% BYMA 307.50 ▼ 2.07% TELECOM ARG 4,225 ▼ 0.47% ECOPETROL 15.78 ▲ 1.28% BANCOLOMBIA 81.07 ▼ 2.27% GRUPO AVAL 4.98 ▼ 1.74% CREDICORP 392.31 ▼ 2.12% SOUTHERN COPPER 175.43 ▼ 0.23% BUENAVENTURA 29.84 ▼ 0.55% MERCADOLIBRE 1,874 ▲ 1.19% NUBANK 13.78 ▲ 0.11% XP 16.51 ▼ 2.45% PAGSEGURO 9.36 ▲ 1.14% STONE 11.26 ▲ 0.45% GLOBANT 32.23 ▲ 7.58% TECNOGLASS 42.48 ▼ 3.23% GAP AIRPORT 232.41 ▼ 1.37% ASUR 279.87 ▼ 1.84% OMA AIRPORT 106.14 ▼ 1.76% AMX ADR 26.22 ▲ 0.81% FEMSA ADR 129.27 ▲ 1.26% CEMEX ADR 12.40 ▼ 0.68% PETROBRAS ADR 17.76 ▲ 2.54% VALE ADR 14.18 ▼ 1.95% ITAU ADR 8.52 ▼ 1.17% SANTANDER BR 5.33 ▼ 1.11% AMBEV ADR 3.07 ▼ 0.16% CSN 1.03 ▲ 1.49% GERDAU 4.51 ▲ 0.11% LATAM ADR 54.79 ▼ 2.94% BTC 62,207 ▼ 2.43% ETH 1,770 ▼ 1.96% SOL 75.22 ▼ 2.15% XRP 1.07 ▼ 1.67% BNB 565.51 ▼ 1.47% ADA 0.16 ▼ 2.38% DOGE 0.07 ▼ 1.53% AVAX 6.51 ▲ 1.69% LINK 7.89 ▼ 1.34% DOT 0.84 ▼ 0.74% LTC 43.29 ▼ 1.55% BCH 235.61 ▼ 1.81% TRX 0.33 ▼ 1.71% XLM 0.18 ▼ 2.40% HBAR 0.07 ▼ 1.39% NEAR 1.94 ▲ 2.88% ATOM 1.54 ▼ 1.54% AAVE 94.75 ▼ 2.38% SELIC 14.25% EMBRAER 83.18 ▼ 1.68% EGX 52,608 ▲ 0.67% USD/ZAR 16.43 ▲ 0.52% USD/NGN 1,378 ▲ 0.15% NIKKEI 67,243 ▼ 1.92% 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Ecuador: Andrés Arauz and Rafael Correa to Run in 2021 Presidential Elections

By · August 21, 2020 · 2 min read

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RIO DE JANEIRO, BRAZIL – The left-wing alliance “Union for Hope” (Unión por la Esperanza, UNES) has announced its candidates for the presidential elections in Ecuador in February 2021. In a video conference on Tuesday, the largely unknown Andrés Arauz was proposed for the presidency, with ex-president Rafael Correa as vice-president.

The 35-year-old Arauz is a renowned economist who has been working on his doctoral thesis at the National Autonomous University of Mexico for the past few years. In the past, he held a number of posts during Correa’s presidency, including senior positions at the Central Bank, the National Planning Authority, and the Ministry of Economy. Most recently, he was Minister of Knowledge and Human Talent, and as such coordinated the areas of education, culture, and universities.

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He founded the Internet platform Observatorio de Dolarisación and repeatedly and publicly criticized Lenín Moreno’s government’s economic and financial policy by means of technical opinions on borrowing from the International Monetary Fund and debt policy.

Ecuador's ex-president Rafael Correa (left) and economist Andrés Arauz (right).
Ecuador’s ex-president Rafael Correa (left) and economist Andrés Arauz (right). (Photo: internet reproduction)
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Arauz is also on the Progressive International Council, a network of left-wing intellectuals and politicians in which leftist ex-presidents such as Correa, Evo Morales (Bolivia) and Lula da Silva (Brazil), as well as intellectuals Noam Chomsky, Yanis Varufakis, Naomi Klein, and many others have been members for several years. He is also an active member of the Puebla group, a network of left-wing and progressive politicians.

Arauz made it clear in his candidacy speech that he intends to return to the policies of the Correa government. He said he was confident that the UNES alliance had the necessary knowledge to fight the country’s severe crises. Should they win the elections, a Truth Commission will be established to investigate the repression during last October’s protests as well as the political persecution of the “Correistas”. The recent corruption cases in the healthcare sector would also be investigated.

According to the electoral authority’s guidelines, candidates must be confirmed at so-called “primarias” (primaries) of parties and electoral alliances. This also includes parliamentary candidates. Pierina Correa, activist of the “Civil Revolution” and Rafael Correa’s sister, is to head the list.

For the “Parlamento Andino” of the Andean Community (Bolivia, Ecuador, Colombia, Peru, Venezuela) the UNES proposes Veronica Arias, currently a member of the National Assembly for the Province of Loja.

However, Correa’s candidacy is not certain. If there is no change in the rules for enrolling candidates, which must be done in person, he will not be able to participate, as he lives in Belgium and fears being arrested when entering Ecuador. The trial of his case is still pending and the last possible legal decision is awaited. However, if he is able to enroll in Brussels, he would be granted immunity, as candidates for public office may not be arrested.

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