Problems Mount for Ecuador’s Lasso
A shocking rise in crime accompanies institutional division and a stalled government agenda, even as the economy recovers.
QUITO - Last year, the surprise election of President Guillermo Lasso’s center-right, pro-business government was hailed by international markets after over a decade of left-wing populism followed by the volatile Lenín Moreno administration. Ecuadorian bonds have been buoyed by a fiscal consolidation push, the prospect of economic liberalization policies backed by the IMF and, most recently, an upswing in oil prices. The economy is expected to grow by 3.5% in 2022, after registering 2.8% growth in 2021, while inflation is low for the region at 2.6% as of January. But despite an...
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