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Impeachment Vote Against President Lasso Fails in Ecuador

  • Ecuador's opposition-led congress on Tuesday failed to gather enough votes to impeach right-wing President Guillermo Lasso, as protests by Indigenous Ecuadorans over the high cost of living persisted.
    • The motion garnered 80 of the 92 votes needed to remove Lasso from office, according to the results read aloud by the parliament's secretary, Alvaro Salazar, in a virtual session broadcast on social media.
  • Ecuador protests expected to continue after President Guillermo Lasso cancelled negotiations following an attack on a fuel convoy.
  • Ecuador’s dollar bonds due in 2035 slumped to the lowest since April 2021 on Tuesday.

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