Arauz Claims Victory in Ecuador’s Presidential Vote; Runoff Election Likely

The 36-year-old economist, a protégé of former President Rafael Correa, ran on promises to make US$1 billion in direct cash payments to families and disavow the conditions of a US$6.5 billion IMF financing package.

RIO DE JANEIRO, BRAZIL - Ecuadorean presidential candidate Andrés Arauz claimed victory in Sunday’s election, although exit polls suggested he could still face a runoff and official results were not due until much later.

The 36-year-old economist, a protégé of former left-wing President Rafael Correa, ran on promises to make US$1 billion in direct cash payments to families and disavow the conditions of a US$6.5 billion IMF financing . . .

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