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Article: Ecuador : Challenges for Ecuador's Correa in new term.
- Article from:
- TendersInfo
- Article date:
- August 7, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Ecuadorean President Rafael Correa starts a second term in office on Monday facing the challenge of fulfilling his promise to social reforms but with an economy weakened by slumping oil prices. Correa, a leftist allied to Venezuelan President Hugo Chavez, has unnerved investors by expanding the state's role in the economy. He has hiked taxes, defaulted on $3.2 billion in bonds and expelled foreign firms over tax or legal disputes. A failure to bolster the economy hurt by declining oil output could jeopardize Correa's popularity in a country where popular protests have deposed three presidents in a decade.
Following are some of Correa's ...
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Article: Correa: Ecuador Was in Talks With Rebels
AP Online;
March 4, 2008 ;
597 words
...Ecuador's president said Monday that his government ... thwarted by a military raid. President Rafael Correa said a Colombian strike on Ecuadorean soil ... hostages, among them Ingrid Betancourt, in Ecuador, Correa said. Everything was foiled by the hands ...
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