The elected president of Venezuela Edmundo González Urrutia had to flee to Spain and is currently in exile in that country after the regime issued an arrest warrant against him for subversion. González Urrutia obtained 67% of the votes in the election day of July 28, against 30% for Nicolás Maduro with 83.5% of the votes verified with published tally sheets, winning in all states (source: resultadosconvzla.com). We reject the arrest warrant, and the fraud intended by the National Electoral Council – CNE of Venezuela, proclaiming Nicolás Maduro as president-elect for a new presidential term and its ratification by the Supreme Court of Justice-TSJ, both without showing the voting minutes or any other support.  EnergiesNet ” Latin America & Caribbean web portal with news and information on Energy, Oil, Gas, Renewables, Engineering, Technology, and Environment.– Contact : Elio Ohep, editor at  EnergiesNet@gmail.com +584142763041-   The elected president of Venezuela Edmundo González Urrutia had to flee to Spain and is currently in exile in that country after the regime issued an arrest warrant against him for subversion. González Urrutia obtained 67% of the votes in the election day of July 28, against 30% for Nicolás Maduro with 83.5% of the votes verified with published tally sheets, winning in all states (source: resultadosconvzla.com). We reject the arrest warrant, and the fraud intended by the National Electoral Council – CNE of Venezuela, proclaiming Nicolás Maduro as president-elect for a new presidential term and its ratification by the Supreme Court of Justice-TSJ, both without showing the voting minutes or any other support.
10/14 Closing Prices / revised 10/15/2024 08:30 GMT | 10/14 OPEC Basket  $77.18 –$1.25 cents | 10/14 Mexico Basket (MME)  $68.73 –$ 1.60 cents 08/31 Venezuela Basket (Merey)  $62 15   +$1.66 cents  10/14 NYMEX Light Sweet Crude $73.83 -$1.73 cents | 10/14 ICE Brent Sept $77.46 -$1.58 cents | 10/14 Gasoline RBOB NYC Harbor $2.11 -2% | 10/14 Heating oil NY Harbor  $2.27 -3% | 10/14 NYMEX Natural Gas $2.49 -5.2% | 10/11 Active U.S. Rig Count (Oil & Gas)  586 +1 | 10/15 USD/MXN Mexican Peso19.3870 (data live) 10/15 EUR/USD  1.0906 (data live) | 10/15 US/Bs. (Bolivar)  $37.88800000 (data BCV) | Source: WTRG/MSN/Bloomberg/MarketWatch

Ecuador Voters Back of Noboa’s Anti-Criminal Measures, But Reject His Economic Reforms

Daniel Noboa casts a ballot at a polling station during a national referendum in Olon, Santa Elena province, Ecuador, on April 21. , Photographer: Vicente Gaibor/Bloomberg
Daniel Noboa casts a ballot at a polling station during a national referendum in Olon, Santa Elena province, Ecuador, on April 21., Photographer: Vicente Gaibor/Bloomberg

Stephan Kueffner, Bloomberg News

QUITO
EnergiesNet.com 04 22 2024

Ecuador’s voters approved a raft of security measures including extradition for drug traffickers, while rejecting investor-friendly economic reforms, handing a partial victory to President Daniel Noboa in Sunday’s referendum. 

All nine of Noboa’s proposals to step up his war on cocaine cartels passed easily, according to the quick count published by the electoral authority. However, voters rejected by large margins proposals to liberalize the labor market and allow international arbitration for foreign investors in the country. 

The vote was the first hard test of Noboa’s popularity since he took office in November, and shows strong support for his anti-gang policies, which are key for his hopes of winning re-election next year. But defeat on the economic measures weakens his mandate to implement painful reforms if, as expected, a new deal with the International Monetary Fund is announced in the near future. 

The vote breakdown shows that Noboa is “still the frontrunner” in next year’s election, though the odds of a first-round victory have dropped, said Risa Grais-Targow, an analyst at Eurasia group. The rejection of the economic proposals might disappointment bondholders, she said. 

Read more: Ecuador Bonds Gain Most in EM as New IMF Deal Nears

Noboa, 36, saw his approval ratings soar when he declared a state of emergency and put the army on the streets to fight the organized crime gangs that have made the nation of 17 million more violent than Mexico and Colombia. 

While homicides have declined, the nation remains extremely violent. Almost 40,000 troops were deployed to provide security at polling stations and mayors of two mining towns in southwest Ecuador were assassinated within hours of each other just days before the voting.

Backing for Noboa’s other policies is more fragile, after he raised taxes despite having promised to cut them, and failed to fulfill a pledge to fix rolling blackouts.  

Noboa, the US-educated son of wealthy banana exporters, won last year’s presidential election, but only to serve out the term of Guillermo Lasso which ends next year. The country holds another general election on Feb. 9.  

The referendum took place amid an international crisis triggered when Noboa sent police into Mexico’s embassy this month to arrest a former vice president convicted of corruption. Ecuador’s violation of diplomatic protocols caused widespread international condemnation, but many locals rallied behind the government. 

bloomberg.com 04 21 2024

Share this news

Support EnergiesNet.com

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas, Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2021, EnergiesNet.com™  / Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the material.