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Jamil Mahuad
Jorge Jamil Mahuad Witt (born 29 July 1949) is an Ecuadorian lawyer, academic and former politician. He was the 41st president of Ecuador from 10 August 1998, to 21 January 2000. Early life Mahuad was born in Loja, Ecuador. He is of Lebanese and German descent. Mahuad attended Harvard University's John F. Kennedy School of Government, and received a Master of Public Administration in 1989. He was a US State Department-sponsored Fulbright Fellow. Presidency Mahuad initially ran in the presidential election of 1988, coming in a distant fifth place. He then served as Mayor of Quito from 1992 to 1998. Ten years after his first presidential run, he won the presidential election by a very close margin. Álvaro Noboa, the defeated candidate, asked for a vote recount, which was denied by the authority responsible. There was a severe economic crisis in Ecuador (including the 1998–99 Ecuador banking crisis), which had led to a 60% cut in the armed forces budget. Mahuad's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of Ecuador
The president of Ecuador ( es, Presidente del Ecuador), officially called the Constitutional President of the Republic of Ecuador ( es, Presidente Constitucional de la República del Ecuador), serves as both the head of state and head of government of Ecuador. It is the highest political office in the country as the head of the executive branch of government. Per the current constitution, the President can serve two four-year terms. Prior to that, the president could only serve one four-year term. The current President of Ecuador is Guillermo Lasso, who succeeded Lenín Moreno on 24 May 2021. He was elected in 2021. History The presidency of Ecuador has been marked by periods of instability, causing the office to change presidents frequently throughout the history of the country. At least five times, the duties of the president have been charged to a provisional government or a military junta. Often, the office has been left to an interim or acting president, many of whom wou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fulbright Program
The Fulbright Program, including the Fulbright–Hays Program, is one of several United States Cultural Exchange Programs with the goal of improving intercultural relations, cultural diplomacy, and intercultural competence between the people of the United States and other countries, through the exchange of persons, knowledge, and skills. Via the program, competitively-selected American citizens including students, scholars, teachers, professionals, scientists, and artists may receive scholarships or grants to study, conduct research, teach, or exercise their talents abroad; and citizens of other countries may qualify to do the same in the United States. The program was founded by United States Senator J. William Fulbright in 1946 and is considered to be one of the most widely recognized and prestigious scholarships in the world. The program provides approximately 8,000 grants annually – roughly 1,600 to U.S. students, 1,200 to U.S. scholars, 4,000 to foreign students, 900 to f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rio Protocol
The Protocol of Peace, Friendship, and Boundaries between Peru and Ecuador, or Rio Protocol for short, was an international agreement signed in Rio de Janeiro, Brazil, on January 29, 1942, by the foreign ministers of Peru and Ecuador, with the participation of the United States, Brazil, Chile, and Argentina as guarantors. The Protocol was intended to finally resolve the long-running territorial dispute between the two countries, and brought about the official end of the Ecuadorian–Peruvian War of 1941–1942. Nevertheless, the Protocol was incomplete, and war broke out between Peru and Ecuador twice more, in 1981 and in 1995, before the signing of the Itamaraty Peace Declaration which brought final resolution to the dispute. History In May 1941, as tensions at the Ecuadorian-Peruvian border mounted and war was imminent, the governments of the United States, Brazil, and Argentina offered their services in aiding in the mediation of the dispute. Their efforts failed to prevent t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peru
, image_flag = Flag of Peru.svg , image_coat = Escudo nacional del Perú.svg , other_symbol = Great Seal of the State , other_symbol_type = Seal (emblem), National seal , national_motto = "Firm and Happy for the Union" , national_anthem = "National Anthem of Peru" , march = "March of Flags" , image_map = PER orthographic.svg , map_caption = , image_map2 = , capital = Lima , coordinates = , largest_city = capital , official_languages = Peruvian Spanish, Spanish , languages_type = Co-official languages , languages = , ethnic_groups = , ethnic_groups_year = 2017 , demonym = Peruvians, Peruvian , government_type = Unitary state, Unitary Semi-presidential system, semi-presidential republic , leader_title1 = President of Peru, President ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecuadorian Sucre
The Sucre () was the currency of Ecuador between 1884 and 2000. Its ISO code was ECS and it was subdivided into 10 ''decimos'' and 100 '' centavos''. The sucre was named after Latin American political leader Antonio José de Sucre. The currency was replaced by the United States dollar as a result of the 1998–99 financial crisis. History The Ecuadorian peso was renamed as the ''Sucre'' on March 22, 1884, and was then linked to the silver standard. The Sucre was tied to 22.5 g of fine silver (equivalent to 5 LMU francs). Outdated coins were taken out of circulation between 1887 and 1892, with only the silver-backed coins remaining in circulation. The decline of the international price of silver during the 1890s prompted Ecuador to switch to the gold standard on November 3, 1898, with the sucre tied to 732.224 mg of fine gold (equivalent to 2 shillings sterling). The Sucre became inconvertible shortly after World War I began in 1914 due to international political te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lucio Gutiérrez
Lucio Edwin Gutiérrez Borbúa (born 23 March 1957 in Quito) served as 43rd President of Ecuador from 15 January 2003 to 20 April 2005. Early life Lucio Gutierrez, in full Lucio Edwin Gutiérrez Borbua, (born 23 March 1957, Quito, Ecuador), Ecuadoran army colonel and politician who served as president of Ecuador (2003–05). Gutiérrez was raised in Tena, an Amazon basin town. He was the son of a traveling salesman and attended primary and secondary school in Tena before transferring at age 15 to a military college in Quito. Gutiérrez graduated from the Army Polytechnic School as a civil engineer after having won honor's for academic and athletic prowess. He later studied in Brazil and the United States. Gutiérrez rose steadily through the army ranks and in 1990–92 served with the United Nations observer mission to Nicaragua. As a young man, he demonstrated little interest in politics, but during the 1990s he sympathized with fellow Ecuadorans as they became increasingly d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Ecuador
The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. Ecuador's economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. In 2017, remittances constituted 2.7% of country's GDP. The total trade amounted to 42% of the Ecuador's GDP in 2017. The country is substantially dependent on its petroleum resources. In 2017, oil accounted for about one-third of public-sector revenue and 32% of export earnings. When Ecuador was part of OPEC, it was one of the smallest members and produced about 531,300 barrels per day of petroleum in 2017. It is the world's largest exporter of bananas ($3.38 billion in 2017) and a major exporter of shrimp ($3.06 billion in 2017). Exports of non-traditional products such as cut flowers ($846 million in 2017) and canned fish ($1.18 billion in 2017) have grown in recent years. In the past, Ecuador's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dollarization
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. The process is also known as dollarization or euroization when the foreign currency is the dollar or the euro, respectively. Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe. Some small economies, for whom it is impractical to maintain an independent currency, use the currencies of their larger neighbours; for example, Liechtenstein uses the Swiss franc. Partial currency substitution occurs when residents of a country choose to hold a significant share of their financial assets denominated in a foreign currency. It can also occur as a gradual conversion to full currency substitution; for example, Argentina and Peru were both in the process of converting to the U.S. dollar during the 1990s. Origins After the gold standard was abandoned at the outbreak of World W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Álvaro Noboa
Álvaro Fernando Noboa Pontón (born November 21, 1950) is an Ecuadorian businessman and politician. Noboa has been actively involved in politics, unsuccessfully running for the office of President of Ecuador in 1998, 2002, 2006, 2009 and 2013. In 2007, however, he was elected national assemblyman. In 2013 Noboa ran for office for the fifth time unsuccessfully. In 1997, already owning 24% of Bonita Bananas, Noboa purchased another 25% of the shares, the holding company for the family business. Presently, he runs the Noboa Group of Companies and Noboa Corporation, with more than 110 companies in Ecuador and around the world, including branch offices in United States, Antwerp, Rome, Japan, Argentina, and New Zealand. Some of Noboa's Ecuadorian companies have faced lawsuits and Servicio de Rentas Internas claims. The banana exporting company also has been audited by international organisations due to child labor issues and strike conflicts. Noboa's major company in Ecuador, E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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