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  • Fortune heir Daniel Noboa won Ecuador's presidential election on Sunday.

  • The 35 year old now faces a heavy task in rebuilding the South American country which is struggling with rising crime and a weak economy.

  • Since the pandemic, the same things that have motivated thousands to migrate, flanked by heavily armed guards.

  • Noboa spoke to supporters after his victory was confirmed tomorrow, we start work for this new Ecuador.

  • We start working to rebuild a country seriously battered by violence by corruption and by hate from tomorrow.

  • Hope will start working from tomorrow.

  • Daniel Noboa starts work as your new president with more than 90% of ballot boxes counted.

  • Noboa had won more than 52% of the vote while his leftist rival, Luisa Gonzalez won around 48%.

  • Boa supporters celebrated in the streets as final tallies came in.

  • I am elderly but I see in him the mentality of a young man that will change our beloved Ecuador.

  • It's a breath of fresh air for Ecuador to have a ruler that does not belong to the traditional old politics was a surprise qualifier for the run off in the early election and his victory marks a rebuke by voters of Gonzalez's mentor, the former president Rafael Correa, who has maintained considerable political influence since he left office despite a corruption conviction, Noboa's victory also fulfills a long held family ambition for the presidency after his father banana baron, Alvaro Noboa fell short in multiple bids for top office.

  • However, he'll have a short term of only 17 months to fix the flailing economy and address a spike in violence.

  • It reached a crescendo on the campaign trail with the murder of anti corruption candidate Fernando Villa Ceo who was assassinated while leaving a campaign event in August.

  • Noboa has pledged several measures to tackle crime including forming a new intelligence unit and, and ships to house the country's most dangerous convicts though markets were expected to receive Noboa's victory with more enthusiasm than they would have a win by his rival.

  • Analysts have said investors longer term reaction could be swayed by Noboa's cabinet picks which are expected next week.

Fortune heir Daniel Noboa won Ecuador's presidential election on Sunday.

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