Ecuador presidential election makes central bank reform likely

Central Bank of Ecuador museum
Rachael King

Guillermo Lasso won the second round of presidential elections in Ecuador on April 11, making the passage of an International Monetary Fund-backed law giving the central bank autonomy more likely. His opponent, Andres Árauz, conceded defeat after a nearly completed count showed Lasso had won about 52.4% of the vote.

The IMF first demanded in 2019 that the government change the law governing the Banco Central de Ecuador as a condition for aid. It granted Ecuador a $6.5 billion loan in September

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