Ecuador elects conservative ex-banker as president, while Peru voters deliver a split decision

Guillermo Lasso
(Image credit: Gerardo Menoscal/Getty Images)

Ecuador elected Guillermo Lasso, a conservative former banker, as its next president on Sunday, giving him about 52 percent of the vote in a runoff against Andrés Arauz, the handpicked candidate of leftist former President Rafael Correa. Arauz, a 36-year-old economist, conceded Sunday night. Lasso, 65, narrowly lost the 2017 election.

"For years, I have dreamed of the possibility of serving Ecuadorians so that the country progresses, so that we can all live better," Lasso said Sunday night. "Today, you have resolved that this be so." He will be sworn in May 24. Correa, who governed from 2007 to 2017, congratulated Lasso from Belgium, where he is living in exile to avoid jail after being convicted of corruption in absentia. "Your success will be Ecuador's," Correa said. "I just ask that he stops the lawfare, which destroys lives and families."

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.