Ecuadorian Presidents wins his third presidential Term

          nga Peter Tase

After winning his second re-election, in February 17^th, 2013 general elections, Ecuadorean President Rafael Correa had extensive conversations with representatives of foreign media, introducing his strategic plan and agenda for his upcoming presidential term that will last until 2017. Correa won a landslide victory, as it was expected this was the fruit of his tireless work towards eradicating poverty and rekindle Ecuador’s reputation in the international financial institutions and regional organizations.

President Correa is the only president to complete two full terms in office in the last two decades in Quito, additionally is expected to emerge as the potential leader of the Bolivarian Alliance for the Americas, an economic block seen as the major force countering US and OAS influences in South America.

According to the World Bank Data, Ecuador’s population of over 14 million people, has experienced a reduction of people living under the poverty line.  In 2006 there were 37 percent of Ecuadorians living under the poverty line and in 2011 the number of poor citizens was reduced into 28 percent.

Correa’s main concern was to unravel the disinformation of a number of Argentinean press which misinformed the public on his political campaign and had taken the Ecuadorian president’s statement out of context.  Correa noted that in “today’s world some condemned actions by some are valued actions by others, there is a double international moral, which abhors some policies and values others.  

Upcoming Renewable Energy Projects  

In an interview for Reuters, Correa stated that by 2016, Ecuador “will produce 93% of electricity through hydroelectric dams that will assure greater energy efficiency and a cleaner planet.”

Correa continued to emphasize that when he first became president “ Ecuador was experiencing a great level of labor outsourcing, where oil and large amounts of foreign debt were a daily reality for Ecuador.”  The interesting fact is that most holders of debt were Ecuadorians themselves, a trend that has changed in the recent years.