![]() |
|
Ecuador: Newly elected President Correa pledges to shut down US Base in Manta
Rafael Correa, the nationalist candidate from Movimiento Alianza País, was elected President in the secound round elections held yesterday November 26 in Ecuador. He won against the banana multi-millionaire Alvaro Noboa.
Correa obtained the support of many social movements, mainly due to his positions in relation to the Free Trade Agreement (TLC) with the US, which he will not pursue. He supports the Latin American regional integration process, to face the globalizad world. He also said that he would review the oil contracts with transnational companies because currently out of 5 oil barrels exploited in Ecuador, 4 remain in hands of the foreign oil companies. He offers to renegotiate the contracts to invest income in health, education and social development. Correa forms part of the new generation of progressive leaders in Latin America, such as Hugo Chávez in Venezuela, Evo Morales in Bolivia, Lula in Brazil, Kirchner in Argentina, Vászquez in Uruguay and Bachelet in Chile. He is a 43 year old economist, former Finance Secretary to the current president Palacio, with graduate studies in Lovaina and the US.
Correa, a professional economist, describes his five key areas of reform as: constitutional revolution, ethical revolution, economic and productivity revolution, education and health revolution, and dignity, sovereignty and Latin American integration revolution. |