Jamil Mahuad

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Jamil Mahuad
President of Ecuador
In office
10 August 1998 – 21 January 2000
Vice President Gustavo Noboa
Preceded by Fabián Alarcón
Succeeded by Gustavo Noboa
Personal details
Born July 29, 1949 (1949-07-29) (age 62)
Loja, Ecuador
Political party Democracia popular

Jorge Jamil Mahuad Witt (born July 29, 1949) is an Ecuadorian lawyer and politician and the 51st President of Ecuador from August 10, 1998 to January 21, 2000. There was a severe economic crisis in Ecuador (including the 1998–99 Ecuador banking crisis), which had led to a 60% cut in the armed forces budget. Mahuad's popularity rating had fallen from 60% in October 1998 to 6% in January 2000. In the final days of 1999, Mahuad announced the dollarization of the economy of Ecuador, along with a number of International Monetary Fund measures.

He was forced to resign after a week of demonstrations by indigenous Ecuadorians and a military revolt led by Lucio Gutiérrez. He is of Arab and German descent.[1] Before his election as president, he served as Mayor of Quito from 1992 to 1998.

He proposed economic reforms that produced the "dollarization" of the economy. He declared a freeze in bank accounts in order to control rampant inflation.

Mahuad attended Harvard University's John F. Kennedy School of Government, and received a Master of Public Administration. He lectures in ethics and politics at several universities. Mahuad is a Fellow at the Center for Public Leadership at the Kennedy School of Government.

During his presidency, a historical peace agreement with Peru was signed, resolving long-standing border disputes. Under the agreement, Ecuador renounced its claims to sovereignty of the disputed territory under the Rio de Janeiro Protocol; Peru deeded ownership of one km² of territory to Ecuador.

[edit] References

  1. ^ Kurzman, Charles. "Islam in the Americas (slideshow[dead link])". February 17, 2006.

[edit] External links

Preceded by
Fabián Alarcón
President of Ecuador
1998-2000
Succeeded by
Gustavo Noboa


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