This article must adhere to the biographies of living persons (BLP) policy, even if it is not a biography, because it contains material about living persons. Contentious material about living persons that is unsourced or poorly sourcedmust be removed immediately from the article and its talk page, especially if potentially libellous. If such material is repeatedly inserted, or if you have other concerns, please report the issue to this noticeboard.If you are a subject of this article, or acting on behalf of one, and you need help, please see this help page.
This article is within the scope of WikiProject Biography, a collaborative effort to create, develop and organize Wikipedia's articles about people. All interested editors are invited to join the project and contribute to the discussion. For instructions on how to use this banner, please refer to the documentation.BiographyWikipedia:WikiProject BiographyTemplate:WikiProject Biographybiography
This article is within the scope of WikiProject Ecuador, a collaborative effort to improve the coverage of Ecuador on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.EcuadorWikipedia:WikiProject EcuadorTemplate:WikiProject EcuadorEcuador
This article is within the scope of WikiProject Lebanon, a collaborative effort to improve the coverage of Lebanon-related articles on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.LebanonWikipedia:WikiProject LebanonTemplate:WikiProject LebanonLebanon
This article is within the scope of WikiProject Running, a collaborative effort to improve the coverage of running on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.RunningWikipedia:WikiProject RunningTemplate:WikiProject RunningRunning
This article is within the scope of WikiProject Olympics, a collaborative effort to improve the coverage of Olympics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.OlympicsWikipedia:WikiProject OlympicsTemplate:WikiProject OlympicsOlympics
This article is within the scope of WikiProject Athletics, a collaborative effort to improve the coverage of the sport of athletics on Wikipedia. If you would like to participate, please visit the project page and join the discussion.AthleticsWikipedia:WikiProject AthleticsTemplate:WikiProject AthleticsAthletics
This article was copy edited by The person who loves reading, a member of the Guild of Copy Editors, on 7 April 2023.Guild of Copy EditorsWikipedia:WikiProject Guild of Copy EditorsTemplate:WikiProject Guild of Copy EditorsGuild of Copy Editors
This article was selected as the article for improvement on 25 March 2024 for a period of one week.
The following is a section of the article that was removed for several problems, but I am including it here because the content although unsourced and not neutral tells the events for someone looking to write this section correctly
By 1996 the state had already been dismantled by several years of privatizations; there was no way to control corruption, also, there was no desire of Bucaram's officers to help in this matter. "The Tequila effect" severely affected the Ecuadorean economy; however, no economic measures were taken due to the scandals in which the former President Duran-Ballen's family (Flores y Miel) and his Vice-president Dahik (embezzlement of public funds) were involved. In addition, Duran-Ballén's Cenepa War against Peru exhausted the already disassembled state.
During the Latin American economic crisis, Ecuador was not the exception; the private banks and financial institutions took advantage of the false "bonanza," and the bankers ended up acquiring much state property. Bankers felt the shortage and started to loan money to themselves to maintain their recently acquired properties. The cash flow started to decrease abruptly. The superintendency of banking, controlled by bankers, authorized the issuance of currency without support; this fired up a rapid currency devaluation.
Bucaram had no alternative but to take economic measures which affected people on lower incomes. Bucaram was a populist, so he had no defined political tendency. He decided his economic plan to be very neo-liberal; it was designed by Argentinian economist Domingo Cavallo, and included ending subsidies, regulation of banks and financial institutions, and a strong currency devaluation ("Un sólo toque" would replace the sucre).
Massive protests against the proposed economic plan left Bucaram isolated. The indigenous and social movements who helped raise him to power now were against him. The indigenous Pachakutik Movement, left-wing Democratic People's Movement (MPD), PSC and Popular Democracy were the main parties organizing the protests.
This protest led to his dismissal from the Ecuadorian presidency. He was dismissed by the congress on grounds of alleged mental incapacity. Bucaram's assumed insanity was never officially diagnosed; it was more a political maneuver of the PSC and Popular Democracy who were in control of the legislative and judicial power, also, Pachakutik and MPD supported the decision in exchange for political representation. Congress passed the measure (44 votes in favor and 34 against) with a simple majority instead of the two thirds required by the Constitution, and appointed congressional leader Fabián Alarcón in his place, bypassing the sitting Vice President Rosalía Arteaga.
The constitutional court determined the congressional resolution to be anti-constitutional and rejected it. The congress ignored the constitutional court resolution and proceeded to confirm Fabian Alarcon as interim president. Finally, Congress, illegally, requested that the army assert Alarcón's power.