Ecuador’s election run-off result will be tight
Tuesday, August 22, 2023
Significance
National legislative elections were also dominated by RC, which took nearly 40% of the vote. Two referendums on limiting extractive activities were held alongside the elections; both were backed unequivocally by the electorate.
Impacts
- The lack of an outright winner will prolong uncertainty over Ecuador’s political future.
- International investors will remain cautious until there is greater clarity over the future direction of economic policy.
- If Gonzalez wins the run-off, she may have to limit her ambitions due to legislative opposition.