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Ecuadorian history
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The military triumvirate that was
effectively running the country also endorsed Noboa. The
Ecuadorian Congress then met in an emergency session in
Guayaquil on the same day, January 22, and ratified Noboa as
President of the Republic in constitutional succession to
Mahuad. |
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The dollarization policy is still in effect under the
leadership of Noboa. Although Ecuador is beginning to improve
economically, the government of Noboa is coming under heavy
fire for the continuation of the dollarization policy, its
disregard for social problems and other important issues in
Ecuadorian politics. |
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In January 15, 2003, retired Colonel Lucio Gutierrez, a
member of the military junta that overthrew president Jamil
Mahuad in 2000, assumed the presidency of Ecuador. He
campaigned against corruption. Gutierrez’s party has a small
fraction of the seats in Congress. |
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He therefore depends on the support of
other parties in Congress to pass legislation. |
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| He has attempted some economic reforms. |
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