Voters in Ecuador on Sunday will decide whether to give President Rafael Correa of the PAIS Alliance (Alianza Patria Altiva y Soberana - Alianza PAIS) another term on Sunday, with the latest opinion polls giving him a 40 percentage point lead over his opponents for the presidential election. Of his seven challengers, Correa’s closest opponent is Guillermo Lasso Mendoza from the 21 Believe (21 CREO) political party. Lasso Mendoza is a former executive of Banco de Guayaquil and has promised to lower taxes on job creation and abolish a 5 percent tax on capital that has discouraged foreign investments and weakened the banks.
Correa’s 56 percent approval rating can be attributed to policies such as low-interest rates for first-time homeowners, free school supplies and uniforms for children, medical care at public hospitals for the poor, and welfare compensation reaching nearly 1 in five Ecuadoreans—or 1.9 million people including single mothers, the elderly and low-income families. They receive $50 a month from the state, which is largely possible due to the nation’s oil wealth.
Since Correa assumed office in 2007 the unemployment rate dropped from 9.82 to 4.71 percent and the economy has had robust performance, with 5.6 percent GDP growth last year While lower-income populations have benefited from increased social programs, journalists have faced criminal charges under Correa. A number of state news media have fallen under his leadership which now includes five television stations, four radio stations, two newspapers, and four magazines--up from one radio station previously. The Indigenous community has also protested against the government’s failure to consult with native people over water rights and its insistence on paving the way for large-scale precious metals mining.
To win the Presidential election on Sunday, Correa needs at least half the valid votes cast or 40 percent of the vote, plus a 10 percentage-point lead over the second-place candidate to be elected in the first round. If no candidate receives the requisite number of votes, a second-round election will be held April 7 between the top two candidates. The National Electoral Council (Consejo Nacional Electoral) will publish partial voting results after polls close on February 17.