Rafael Correa declared that Ecuador is “on the road to a strong recovery” in his final annual address to the nation. He is not running for re-election and will leave the presidency after ten years in April 2017.
To aid in coastal recovery, El Supremo announced that he will eliminate half a dozen government agencies* and combine their work into other existing agencies.
He said he will re-introduce bills for new taxes on inheritances and capital gains. He said these will mostly affect the rich and barely impact on “vulnerable” individuals.
El Presidente also said he remains committed to selling the national airline, TAME, and the new electricity-generation plant near Cuenca.
*The agencies he plans to eliminate:
-- Instituto Nacional de Idiomas (languages)
-- Conocimiento y Saberes Ancestrales (ancestral knowledge)
-- Secretaria Técnica de Alianzas Público Privadas
-- Secretaria Técnica de Regulación de Poder de Mercados
(power of markets)
-- Secretaria de Economía Popular
-- and the port of Manta agency
-- cccmedia in Quito