Monday, January 22, 2007

Ecuador in 2007


On January 15, 2007 , Rafael Correa was sworn in as the new President of Ecuador. Like the presidents before him, he will be faced with the following challenges: The development of national agreements, the Constituent Assembly, the commercial policy with the United States, the improvement of the economic system to benefit the population, the reduction of poverty levels, the fight against corruption and a good handling of relations with the countries of the region.

One of most important challenge until now has been the development of the Constituent Assembly initiated by elect president Rafael Correa. For this development to happen, the country will have to confront a series of conflicts between the executive and legislative authorities of the country.

Hopefully there will first be a dialogue and no protest in favor or against the Assembly that finishes in lamentable confrontations. Once the assembly is approved, if that happens, the challenge will be to choose the best representatives.

In the economic area, President Correa offered for instance to lower the tax to the added value, to increase retirement funds, to eliminate interest rates on bank loans, to stimulate the microcompany, and to create more work and housing.

For these reasons, Ecuador will have a series of challenges that will be of interest to all Ecuadorians in 2007.

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