Noboa wins Ecuador presidential race, pledges to rebuild country | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
July 19, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, JULY 19, 2025
Noboa wins Ecuador presidential race, pledges to rebuild country

Politics

Reuters
16 October, 2023, 10:50 am
Last modified: 16 October, 2023, 11:08 am

Related News

  • Magnitude 6.3 earthquake strikes Ecuador, 20 injured
  • Ecuador votes in close presidential race, with drug violence the top concern
  • Ecuador declares national emergency as wildfires, drought intensify
  • Ecuador's Indigenous defenders face growing threats, activists say at UN summit
  • Ecuador ex-President Correa's party taps Luisa Gonzalez as presidential candidate

Noboa wins Ecuador presidential race, pledges to rebuild country

Reuters
16 October, 2023, 10:50 am
Last modified: 16 October, 2023, 11:08 am
Ecuadorian presidential candidate Daniel Noboa and his wife Lavinia Valbonesi celebrate his win in the presidential election, in Santa Elena, Ecuador October 15, 2023. REUTERS/Santiago Arcos
Ecuadorian presidential candidate Daniel Noboa and his wife Lavinia Valbonesi celebrate his win in the presidential election, in Santa Elena, Ecuador October 15, 2023. REUTERS/Santiago Arcos

Business heir Daniel Noboa on Sunday won Ecuador's presidential election, vowing to rebuild the South American country, which is struggling with a weak economy and rising crime and violence.

Thirty five-year-old Noboa, a surprise qualifier for the run-off in the early election, has pledged to improve the economy and create jobs for young people, as well as to house dangerous criminals on prison ships.

"Tomorrow we start work for this new Ecuador, we start working to rebuild a country seriously battered by violence, by corruption and by hate," Noboa told supporters during brief remarks in the seaside town of Olon.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"From tomorrow Daniel Noboa starts work as your new president," he added.

Noboa will face the significant challenge of righting an economy - which has struggled since the coronavirus pandemic and motivated many thousands of Ecuadoreans to migrate - and sharply rising crime, including increases in murders, robberies and prison riots.

The violence, which the outgoing government blames on drug gangs, reached a crescendo during the campaign with the murder of anti-corruption candidate Fernando Villavicencio, who was shot dead while leaving a Quito campaign event in August.

Ecuador has all the elements needed to be a global example of progress, Noboa has said. He will have just 17 months to govern, serving a truncated term from December this year until May 2025.

Noboa, who has said he will be Ecuador's youngest-ever president, would be able to run again in the regularly-scheduled 2025 contest.

His victory fulfills a long-held family ambition - he grew up accompanying his banana baron father Alvaro during the latter's multiple failed attempts to become president.

Noboa had won more than 52% of the vote, while his leftist adversary Luisa Gonzalez won about 48%, with more than 90% of ballot boxes counted.

Gonzalez congratulated Noboa on his victory.

"Daniel Noboa, our profound congratulations, because this is democracy," Gonzalez told supporters in Quito, calling on Noboa to fulfill his promises to students and the elderly.

Noboa's win marks a rebuke by voters of Gonzalez's mentor, former President Rafael Correa, who has continued to wield considerable political power since he left office, despite a corruption conviction.

Gonzalez had pledged to bring back many of Correa's social programs, boost the economy with international reserves and fight crime.

Businessman Noboa to face economic, security hurdles as Ecuador president

NEW BLOOD

Noboa supporters celebrated in the streets of Guayaquil as final vote tallies came in.

"We need new blood and not the old politics that have done us so much harm," said student Eduardo Chavez, 23. "Our president should waste no time and work very hard to put the brakes on insecurity."

Noboa made a special point to woo young people, as did Gonzalez, with events at universities toward the end of the campaign. About a quarter of the 13 million Ecuadoreans obliged to vote are between the ages of 18 and 29.

Noboa has said he will balance meeting Ecuador's foreign debt obligations with the needs of the population and pledged to beef up security at ports and airports, hot spots for drug smuggling.

Analysts have said a Noboa victory initially could be perceived as positive by investors, but longer-term outlook will depend on his cabinet appointments.

Polls had shown the contest would be much closer, with several putting the two candidates within the margin of error of each other.

Noboa formed his own party, National Democratic Action, ahead of the election. It won the third-highest number of seats in August legislative elections.

National electoral council president Diana Atamaint said the trend toward Noboa's victory was irreversible.

Authorities will look into a social media video showing a person marking multiple ballots in the province of Sucumbios, she said in the afternoon.

About 825 Ecuadoreans in Nicaragua, Russia, Belarus and Israel were not be able to vote either because of a lack of consular presence or war, in a move criticized by Correa on social media.

Outgoing President Guillermo Lasso called the election early to avoid impeachment on charges he disregarded warnings of embezzlement at a state company. He has denied the charges.

World+Biz

Ecuador / Daniel Noboa

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Logo of the Bangladesh Jamaat-e-Islami. Photo: Collected
    Jamaat set for its first-ever Suhrawardy Udyan rally today
  • BNP Standing Committee Member Salahuddin Ahmed. Photo: Collected
    One party trying to fish in troubled waters through misleading politics: Salahuddin
  • The formal announcement came during a press conference held today (18 July) at a city hotel in Dhaka. Photo: Jahir Rayhan/TBS
    Starlink top management officially inaugurates service in Bangladesh through kit deliveries

MOST VIEWED

  • Obayed Ullah Al Masud. Sketch: TBS
    Islami Bank chairman resigns
  • Chief Adviser Muhammad Yunus and SpaceX Vice President Lauren Dreyer after a meeting at state guest house Jamuna on 18 July 2025. Photo: Focus Bangla
    SpaceX VP Lauren Dreyer praises Bangladesh's efficiency in facilitating Starlink launch
  • GP profit drops 31% in H1
    GP profit drops 31% in H1
  • Around 99% of the cotton used in Bangladesh’s export and domestic garment production is imported. Photo: Collected
    NBR withdraws advance tax on imports of cotton, man-made fibres
  • Governments often rely on foreign loans. Russia’s loans covered 90% of the Rooppur Nuclear Power plant project's cost. Photo: Collected
    Loan tenure for Rooppur plant extended 
  • Representational Photo: Collected
    Railway allocates special trains for Jamaat's national rally in Dhaka

Related News

  • Magnitude 6.3 earthquake strikes Ecuador, 20 injured
  • Ecuador votes in close presidential race, with drug violence the top concern
  • Ecuador declares national emergency as wildfires, drought intensify
  • Ecuador's Indigenous defenders face growing threats, activists say at UN summit
  • Ecuador ex-President Correa's party taps Luisa Gonzalez as presidential candidate

Features

Jatrabari in the capital looks like a warzone as police, alongside Chhatra League men, swoop on quota reform protesters. Photo: Mehedi Hasan

19 July 2024: At least 148 killed as government attempts to quash protests violently

2h | Panorama
Illustration: TBS

Curfews, block raids, and internet blackouts: Hasina’s last ditch efforts to cling to power

7h | Panorama
The Mymensingh district administration confirmed that Zamindar Shashikant Acharya Chowdhury built the house near Shashi Lodge for his staff. Photo: Collected

The Mymensingh house might not belong to Satyajit Ray's family, but there’s little to celebrate

7h | Panorama
Illustration: TBS

20 years of war, 7.5m tonnes of bombs, 1.3m dead: How the US razed Vietnam to the ground

1d | The Big Picture

More Videos from TBS

Why is the Japanese 'extremely exposed' to foreigners?

Why is the Japanese 'extremely exposed' to foreigners?

4h | Others
NCP’s arrival turns Munshiganj vibrant with festivity

NCP’s arrival turns Munshiganj vibrant with festivity

8h | TBS Today
How did Pakistan shoot down India’s fighter jets?

How did Pakistan shoot down India’s fighter jets?

9h | TBS World
Bangladesh's Lower and Middle Classes Under Pressure from High Prices

Bangladesh's Lower and Middle Classes Under Pressure from High Prices

9h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net