The innovative offer by the government of Ecuador to refrain from exploiting its largest oil reserve, in exchange for international compensation for nature conservation, is attracting increasing support, according to an August 23 IPS article. The initiative relates to the untapped Ishpingo-Tiputini-Tambococha (ITT) oil reserve, which is located in Yasuni National Park in the Amazon. According IPS, the park is one of the worlds most biodiverse regions. It was created in 1979 and covers 982,000 hectares.
When Rafael Correa was elected president of Ecuador in 2006, campaigning on a strong anti-neoliberal platform to bring about a “citizen’s revolution”, one key social force seemed notably absent from his campaign — the country’s powerful indigenous movement.
Denouncing the congress as “rubbish” and a “national disgrace”, left-wing Ecuadorian President Rafael Correa called on the upcoming constituent assembly, for which there will be elections held on September 30, to dissolve the body, which is widely viewed as corrupt. The calls came after the opposition-controlled congress amended a number of recent laws introduced by the executive to curb unprecedented rises in the price of food.
On April 15, Ecuador voted overwhelmingly to ratify President Rafael Correa’s proposal to convoke a Constituent Assembly with the power to re-write the constitution with the intention of weakening the stranglehold on the country of the traditional wealthy elite.
The two-month-old government of leftist Ecuadorian President Rafael Correa and the popular movements that back him have emerged triumphant in their first battle with the oligarchy and the traditional political parties that have historically dominated the country. Correa in his inaugural address in January called for an opening to a “new socialism of the 21st century” and declared that Ecuador has to end “the perverse system that has destroyed our democracy, our economy and our society”.
The small Andean nation of Ecuador is facing a political crisis as the Congress and the courts turn on each other over new president Rafael Correa’s plans for a Constituent Assembly and a “citizens’ revolution” to build “21st century socialism” in the poverty-stricken country.
Faced with thousands of protesters, reflecting growing popular pressure, Ecuadors Congress voted on February 13 to allow a motion by President Rafael Correa for a referendum on a constituent assembly.
Since his January 15 inauguration, President Rafael Correa has set about implementing his plan for changing Ecuadorian society, centred on a “citizens’ revolution” to refound the country and begin the construction of a “socialism of the 21st century” by investing economic wealth in social spending on health, education, housing and the environment.
On January 15, Ecuador’s new president, Rafael Correa Delgado, was sworn in, promising to build “socialism of the 21st century” to overcome the poverty and instability of the small Andean country.
The Latin American left had its fifth electoral victory of the year on November 26, when Rafael Correa, a supporter of Venezuelan socialist President Hugo Chavez, won Ecuador’s presidential run-off election with the largest margin in almost 30 years.