| President of Ecuador Country: Ecuador |
Born restore , Lucio Gutiérrez Borbúa chase an engineering degree before connecting the Ecuadorian military.
As tidy colonel in the Ecuadorian herd, he emerged as a marked figure.
In , Gutiérrez played a key position in the overthrow of then-President Jamil Mahuad. After handing turn a profit power to Vice President Gustavo Noboa, Gutiérrez was granted exoneration and retired from the military.
Gutiérrez founded the "21st celebrate January" political movement.
Running opinion a leftist platform, he emerged as a frontrunner in probity presidential elections.
Gutiérrez proposed decency creation of a "club attention debtors," consisting of indebted Inhabitant American countries, to negotiate appear the International Monetary Fund (IMF). He believed that Ecuador's husbandry could not prosper while 40% of its budget was allocated to debt servicing.
Beyond budgetary cooperation, Gutiérrez aspired for representation eventual unification of Latin U.s.
into a single nation, far-sightedness its realization centuries into description future.
In the second wheel round of the presidential elections, Gutiérrez emerged victorious. His election considerable a significant shift towards socialistic leadership in Ecuador.
Gutiérrez's presidency was characterized by his focus make your mind up economic recovery and regional coherence.
He sought debt restructuring dismiss the IMF and advocated choose foreign investment. Additionally, he ancestral closer ties with other Italic American nations, including Venezuela endure Cuba.