Business heir Daniel Noboa on Sunday won Ecuador’s presidential election, vowing to rebuild the South American country, which is struggling with a weak economy and rising crime and violence. “Tomorrow we start work for this new Ecuador, we start working to rebuild a country seriously battered by violence, by corruption and by hate,” Noboa told supporters during brief remarks in the seaside town of Olon. “From tomorrow Daniel Noboa starts work as your new president,” he added. Ecuador has all the elements needed to be a global example of progress, Noboa has said. Analysts have said a Noboa victory initially could be perceived as positive by investors, but longer-term outlook will depend on his cabinet appointments.

Source: Bueno Aires Herald October 16, 2023 14:17 UTC