Eileen Gavin, principal analyst for sustainable finance & Americas at Verisk Maplecroft: “Luisa González was considered a proxy for former President Rafael Correa, and despite support for Revolución Cuidadana’s more socially inclusive policies, a majority of voters cannot countenance Correísmo’s return to executive power. Splits in the left and limited support from Indigenous sectors put a ceiling on González’s support, as evidenced by her largely unchanged second-round tally. Noboa, whose margin over his rival went from fewer than 17,000 votes in the first round to more than 800,000 in the second, will now claim a clear mandate for his hardline security policies—as well as his diplomatic and economic pivot back toward the United States, Ecuador’s traditional trade and investment ally. Noboa’s liberal economic stance offers reassurance to investors concerned about default risk, with bonds exiting distressed territory on Monday. But Noboa’s liberal use of executive orders to bypass…”