Posted 11/23/2023, 2:56:41 PM
Young President Takes Over Broke and Crime-Plagued Ecuador, Faces Backlash Over Austerity Plans
- 35-year-old president Daniel Noboa takes over broke and crime-ridden Ecuador with an inexperienced cabinet
- Must rein in fiscal deficit and curb cocaine trafficking gangs fueling a surge in homicides
- Plans controversial austerity measures and tax hikes to stabilize deteriorating finances
- Faces backlash from groups opposing oil and mining industries, the nation's top exports
- Appointed several ministers in their 20s and 30s, including key roles like chief of staff and finance