Two things are worth noting from Daniel Noboa’s inaugural speech. He who will not adhere to the practice of the old politics, will talk to everyone and will not engage in revenge. Which explains his understanding with Correa, who took his family’s Hacienda Clementina, which fell into disrepair. But with this criterion, he cannot pave the way for Correia to achieve justice and annul the sentences against Correa and his followers. The former president would come to restore power and quench his thirst for revenge against all those who accused, condemned, and even criticized him.
That he has the strength of youth, emphasized Noboa, and that is another aspect of the rescue. I hope I have enough to start the stationary bureaucratic machine.
He needs a lot of strength to ensure that the Constitutional Court (US) does not cancel the declaration of a state of emergency, which is necessary for the adoption of two bills this year, and they must be two because the Constitutional Court does not allow an emergency decree to be of complex matter. He will also have to use force to get his legislative allies to approve his emergency bills even if they involve taxes or other unpopular aspects.
Force is necessary to contain Leonidas Iza, who, bolstered by the support provided by the CC, is already announcing a new rebellion if the government starts consultations on environmental protection.
President Nobo did not mention the pressing tasks he faces. He finds $180 million in cash and $1.8 billion in bills, ten times as much. The bureaucracy’s payment for November is immediate, and in 30 days the double payment for December, which will require at least 1.3 billion dollars. Will civil servants welcome the holidays with empty pockets? The IMF could help, but later and before the presentation of the economic program. Option B, the advance sale of crude oil, failed. They are tempting him by forcing banks to invest in government securities or issue Ecuadorian dollars, both options destabilizing the economy and only fueling the problem.
He also did not talk about power outages. Noboa will have to start repairing thermal plants and hire generator barges, but you can’t go at the slow pace that the bureaucracy is used to, because then the solution will come in 120 days, when it will already be raining from the Amazonian regime.
The third fire to put out is the El Niño phenomenon, but fortunately, everything indicates that it will not be devastating.
The fiscal problem and lack of electricity require more permanent solutions. By 2024, fiscal needs are close to $10 billion, and power outages would reappear next October.
More complex to solve is the lack of investment, because according to the CC, the Constitution allows this only after cumbersome procedures have been passed to show that it is not harmful and that no one is against it. Without investment, there is no employment. And without jobs, young people will migrate to countries that are less hostile to progress. By creating jobs, we are fighting crime, the president emphasized in his short speech. And that is the fifth problem that needs to be solved.
Encouraging employment is the main goal of President Noboa. Well, attack hard! (OR)
Source: Eluniverso
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
