Millionaire banker Guillermo Lasso unexpectedly won Ecuador's presidency on promises to revive an economy battered by the coronavirus while his rival's vows of a return to socialist largesse failed to win over a sceptical electorate.

Lasso took 52% of the vote in the run-off after a campaign that pitted free market economics against the social welfare plans of economist Andres Arauz, a win probably helped by a ballot spoiling campaign that left one in six ballots void...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.