65-year-old former banker and supporter of free-market policies, Guillermo Lasso has won Ecuador’s presidential election.
Lasso in his third attempt received over 52% of the vote to clinch the presidency, defeating Andrés Arauz, a 36-year-old leftist economist and protégé of powerful ex-president Rafael Correa.
Mr. Arauz conceded after more than 95% of votes were counted. Arauz said;
“I congratulate him on his electoral triumph today and I will show him our democratic convictions.”
Accepting the “challenge” of changing Ecuador’s “destiny”, Lasso told his supporters;