||This biographical article needs additional citations for verification. (December 2011)|
|President of Ecuador|
10 August 1998 – 21 January 2000
|Vice President||Gustavo Noboa|
|Preceded by||Fabián Alarcón|
|Succeeded by||Gustavo Noboa|
|Mayor of Quito|
August 10, 1992 – August 10, 1998
|Preceded by||Rodrigo Paz|
|Succeeded by||Roque Sevilla|
|Born||Jorge Jamil Mahuad Witt
July 29, 1949
|Political party||Democracia Popular|
Life and career
Mahuad was born in Loja, Ecuador. He initially ran in the presidential election of 1988, coming in a distant fifth place. Ten years later, he won the presidential election by a very close margin. The defeated candidate Álvaro Noboa asked for a vote recount, which was denied by the authority responsible. 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, he announced the dollarization of the economy of Ecuador, along with a number of International Monetary Fund measures.
Mahuad was forced to resign after a week of demonstrations by indigenous Ecuadorians and a military revolt led by Lucio Gutiérrez. He is of Lebanese and German descent. 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.
During Mahuad's presidency, a historic 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, and in return, Peru deeded ownership of one km² of territory to Ecuador.
Mahuad is also a Senior Advisor at CMI International Group in Cambridge, MA.
In May 2014, Ecuador’s National Court of Justice sentenced him to 12 years jail term on embezzlement charges.
- Kurzman, Charles. "Islam in the Americas (slideshow[dead link])". February 17, 2006.
- "Ex-Ecuadorian president Jamil Mahuad jailed for 12 years". IANS. news.biharprabha.com. Retrieved 30 May 2014.
- Extended biography (in Spanish) by CIDOB Foundation
- Text of the Rio Protocol
- Mahuad and Fujimori
- James Carville's relationship with Mahaud and the effect and consequences of the conversion to the dollar from the sucre
|President of Ecuador