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Ecuadorian history

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.

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.

Ecuador history, Lucio Gutierrez

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.

He therefore depends on the support of other parties in Congress to pass legislation.

He has attempted some economic reforms.

Come and enjoy Ecuador, visiting its colonial cities and fascinating islands.

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