Politics
Investor Favorite Advances to Second in Ecuador Vote Count
By- With 97.05% counted, Lasso has 19.63%, Perez 19.62% of vote
- Bonds plunged this week on fears Lasso failed ot make runoff
Ecuador’s conservative presidential candidate Guillermo Lasso overtook a rival as the final votes were counted from Sunday’s election, boosting his chances of securing a place in the April runoff.
Lasso, a career banker who wants close ties with Washington, now has a razor-thin margin over indigenous party candidate Yaku Perez, an environmentalist who opposes big mining projects.
If the result holds through the completion of the count and a possible recount, Lasso will face socialist economist Andres Arauz on April 11.
Ecuador’s bonds rallied on Wednesday, as updates to the vote count showed Lasso closing the gap. The bonds maturing in 2040 gained 2 cents on the dollar to 44.51 cents Wednesday, paring two days of steep losses since the first round of voting on Sunday.
Why Ecuador’s Sunday Vote Matters for the Bond Market: QuickTake
At 5.30 p.m. local time, Lasso had 19.63%, followed by Perez’s 19.62%, with 97.05% of votes counted. With more than 10 million ballots cast, just 1,024 votes separated the two.
The count swung in Lasso’s favor as the National Electoral Council reviewed votes from precincts that had reported errors and had therefore not yet been fully accounted for.
Arauz retains the lead, with 32.45% of votes counted. Perez has alleged fraud and called on his supporters to remain vigilant.
Keine Kommentare:
Kommentar veröffentlichen