Noboa’s youthful Ecuadoran government faces challenges

Significance

Rather than serving a full term, he will complete that of his predecessor, Guillermo Lasso, who took office in 2021 but stood down early, having run into congressional gridlock and an impeachment threat. New presidential and legislative elections will be held in 2025.

Impacts

• Noboa will pursue reforms early while he has momentum and support in the National Assembly.
• Investors will remain cautious given the inexperience of the new government and the complexity of the crises it faces.
• Maintaining legislative alliances will become increasingly challenging as the 2025 elections approach.