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It is the highest political office in the country as the head of the executive branch of government. Per the current constitution, the president can serve two four-year terms. Prior to that, the president could only serve one four-year term. The current president of Ecuador is Daniel Noboa. He was elected in 2023 and is currently the youngest ...
Petroecuador is a state-owned enterprise, founded on September 26, 1989. In its conception, Petroecuador began as a fiscal agent; however, in time, it came to manage and operate most of the country's oil sector. [ 4] It is the successor to Corporación Estatal Petrolera Ecuatoriana (CEPE) which was formed in 1972. [ 5]
There were two military dictatorships in the country (1963–1966 and 1972–1979) before democracy returned with the election of Jaime Roldós Aguilera. From 1996 to 2005, 3 constitutional presidents were overthrown ( Abdalá Bucaram, Jamil Mahuad and Lucio Gutiérrez ). The left-wing populist government of Rafael Correa (2007–2017) has been ...
The politics of Ecuador are multi-party. [ 1] The central government polity is a quadrennially elected presidential, unicameral representative democracy. The President of Ecuador is head of state and head of the army on a multi-party system, and leads a cabinet with further executive power. Legislative power is not limited to the National ...
The National Assembly ( Spanish: Asamblea Nacional) is the unicameral legislature of Ecuador. It replaced the National Congress in 2009 following reforms under the 2008 Constitution. [ 1] Within Ecuador, the National Assembly has the power to pass laws, while appointment of judges to the National Court of Justice is done by a separate Judicial ...
Regionalization, or zoning, is the union of two or more adjoining provinces in order to decentralize the administrative functions of the capital, Quito. In Ecuador, there are seven regions, or zones, each shaped by the following provinces: Region 1 (42,126 km 2, or 16,265 mi 2 ): Esmeraldas, Carchi, Imbabura, and Sucumbios.
The Central Bank of Ecuador ( Spanish: Banco Central del Ecuador; BCE) is the central bank of the country, and an institution of the Executive Function, which has institutional, administrative, financial, and technical autonomy. It is in charge of executing the monetary policy established by the Monetary Policy and Regulation Board of Ecuador ...
José Joaquín de Olmedo International Airport. Mariscal Sucre International Airport. EC Plus Airline. 2019. Eloy Alfaro International Airport. Proposed. Ecuacóndor.