International
Ecuador: Lasso admits defeat in referendum, calls for unity

February 7th |
The president of Ecuador, Guillermo Lasso, admitted on Monday that the adverse results in a referendum and the election of sectional authorities held on Sunday were a wake-up call to the government, before which he called for a great national agreement to solve the demands of Ecuadorians.
The winners of these elections were the opposition parties Union for Hope, of former President Rafael Correa, and Pachakutik, of the indigenous people, according to preliminary results.
In a radio and television chain, Lasso said that beyond the results, citizens yearn for a better country with more security, better education and health, more work, better jobs and salaries.
“What happened on Sunday was a wake-up call from the people to the government and we will not shirk that responsibility.”
He added that after those results the “commitment with Ecuadorians becomes even firmer” on issues such as security, job generation and expansion of social assistance, among others, while ratifying his decision to get closer to the people, to listen and to learn.
With around 50% of the votes counted, the tendency was that the “No” was imposed in the eight questions posed in the referendum promoted by the government and whose attention was focused on the issue of citizen security, in a country hit by the problem of criminality and drug trafficking.
The referendum was seen as a thermometer of the performance of Lasso, a 67-year-old banker who took office in May 2021.
“The results are dramatic for the government, because the consultation could have been an oxygen tank for a highly unpopular government,” said Grace Jaramillo, of the University of British Columbia in Vancouver, Canada, in an interview with AP. He still has two years of “extremely difficult government left, with probable attempts to remove him from power”.
As for the elections, Correa’s party (2007-2017), obtained important results. Correa resides abroad.
According to partial results, the candidates of Union for Hope Pabel Muñoz and Aquiles Álvarez won the mayoralties of Quito and Guayaquil, respectively. In the municipality of Guayaquil they obtained a triumph leaving behind 31 years of government of the right-wing Social Christian party.
Meanwhile, Paola Pabón won the election for the prefecture (governorship) of the province of Pichincha, Marcela Aguiñaga in that of Guayas and Leonardo Orlando in that of Manabí, which are among the most important in the country.
Analyst Mónica Banegas, of the network of political scientists and director of the Haciendo Ecuador Foundation, told AP that the government is “very worn out and besieged” by an adverse political environment, in which not only the government but also the country loses because there were questions to solve institutional and people’s problems.
In the central Andean highlands, the opposition party Pachakutik, also of the indigenous people, has won three prefectures and several mayoralties. The indigenous movement cornered the government for three weeks last June with violent protests to reject an increase in gasoline prices.
Three of the eight questions were related to security, including one on constitutional reforms to allow extradition of Ecuadorians wanted by other countries in criminal proceedings for drug trafficking or organized crime. The Ecuadorian Constitution does not currently allow for the extradition of nationals to face trials or serve sentences in other countries.
This was one of the questions most promoted by the Lasso government, appealing to the insecurity in the country and in a social context of fear and perception of vulnerability due to the increase in crimes.
Ecuador ended last year with a record number of murders. The 4,539 violent deaths in 2022, according to the police count, are more than double the 2,048 crimes in 2021 and, in addition, the highest record since 1990 when this type of statistics began to be counted. Only about 300 cases were solved, according to authorities.
In view of citizen disenchantment with politics and institutions, two questions sought changes in the functioning of the Council of Citizen Participation, which appoints the main control authorities such as the prosecutor, the attorney general or comptroller, and two others had to do with political parties and the composition of the National Assembly, the institution with the worst percentage of citizen approval, according to polls.
According to analyst Banegas, Lasso must now initiate dialogues with all political and social sectors, change his strategy and tune in with the needs of the majorities in order to survive the remaining two years in power, she said.
International
Trump to decide soon on deportation exemptions for construction and farm workers

U.S. President Donald Trump stated on Tuesday in Florida that he will make a decision in the coming weeks regarding exemptions from deportations for workers in the construction and agriculture sectors.
Trump made these remarks to the media during a visit to the new migrant detention center, ‘Alligator Alcatraz,’ located in the middle of a wetland in Florida, the White House reported.
ICE (Immigration and Customs Enforcement) raids have targeted many of these workers, sparking fear among them and threatening to slow down two sectors that are vital to the U.S. economy.
In construction, 25.7% of workers are immigrants, and 14.1% of the total workforce nationwide is undocumented, according to the American Immigration Council.
In agriculture, the percentage of undocumented employees rises to 42%, according to data from the Department of Agriculture cited by the New York Times.
International
IDB plans $11 billion in sustainable financing to support countries facing currency risks

The Inter-American Development Bank (IDB) aims to unlock at least $11 billion in sustainable financing to help countries address challenges including natural disasters that strain their currencies and hinder private sector investment.
As the United States and other wealthier countries reduce official development assistance, multilateral lenders face pressure to find new ways to tackle issues such as climate change and biodiversity loss. During the Fourth International Conference on Financing for Development, IDB President Ilan Goldfajn stated that the measures adopted by the IDB are expected to inspire more private sector contributions, which is a key priority of the conference.
“We are not just announcing ideas; we are launching what the private sector is asking for: credible tools, scalable platforms, and real opportunities to invest with impact and confidence,” he added.
Support will include a new platform designed to help countries manage the risk of large swings in their national currencies that can deter international investors by making returns harder to predict. Based on a program in Brazil that has already attracted $8 billion from the private sector since its launch last year, the plan is to expand the concept to other regional economies over the next three years and at least double the amount mobilized.
Called FX EDGE, the platform will offer a credit line that activates if a currency drops sharply—a common problem during political or debt crises or after natural disasters—ensuring debtors can continue to service their loans in dollars or other foreign currencies.
The platform also aims to enable greater use of long-term currency hedging instruments, such as derivatives, through local banks and financial institutions, backed by the IDB’s credit rating.
International
Maduro’s government appeals to Vatican for help rescuing migrant children

Este lunes, durante su programa semanal ‘Con Maduro +’, el mandatario venezolano anunció que pediría al sumo pontífice su ayuda para rescatar a 18 niños migrantes.
“Yo sé que el papa es un hombre que comprende estos temas. Le pido ayuda a la Iglesia católica, apostólica y romana, al papa León, para que la Iglesia católica de Estados Unidos y la Iglesia católica de El Salvador proteja a los migrantes y nos ayude con sus gestiones para rescatar a estos niños y a estas niñas”, indicó Maduro en el espacio transmitido por VTV.
Más temprano, Rodríguez había pedido al alto comisionado de la ONU para los Derechos Humanos, Volker Türk, y al coordinador residente de la ONU en Venezuela, Gianluca Rampolla, pronunciarse sobre este hecho y exigió a Washington devolver a los pequeños.
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