Guillermo Lasso to govern Ecuador facing tough economic challenges

The new president will have to deal with a bulky debt and a limited budget despite the approval of the IMF and the international markets.

RIO DE JANEIRO, BRAZIL - Guillermo Lasso enters the Carondelet presidential palace with a warning. Ecuador's outgoing president Lenín Moreno has conveyed to his successor the country's state of affairs: the table will not be set.

The new president, who will take office on May 24th, will not only be dealing with a huge debt burden carried over from Rafael Correa's administration and an economic crisis aggravated by the health pandemic, but will only have 7 months and a limited budget to close the year. In his favor, he has received signs of Subscribe to our Premium Membership Plan. Already Subscribed?