Ecuador president-elect sends mixed signals on central bank raid

Noboa pledged to spend $1.5 billion, but later said this would only be in emergency

Central Bank of Ecuador museum
Rachael King

Ecuador’s president-elect, Daniel Noboa, has made conflicting statements about whether his administration plans to spend part of the central bank’s international reserves.

Noboa defeated Luisa González with almost 52% of the vote in the October 15 runoff, according to the latest count. 

The new president will take office in November, and serve the last 18 months of former president Guillermo Lasso’s four-year term. Lasso called snap presidential and legislative elections in May to avoid

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