Jamil Mahuad

Last updated

Tatiana Calderón
(m. 1971)
Jamil Mahuad
Mahuad 2020 1.1 (cropped).jpg
Mahuad in 2020
41st President of Ecuador
In office
10 August 1998 21 January 2000
ChildrenPaola Mahuad Calderón
Alma mater Pontificia Universidad Católica del Ecuador

[1] Jorge Jamil Mahuad Witt (born 29 July 1949) is an Ecuadorian lawyer, academic and former politician. He was the forty-first president of Ecuador from 10 August 1998 to 21 January 2000.

Contents

Early life

Mahuad was born in Loja, Ecuador. He is of Lebanese and German descent. [2]

Mahuad attended Harvard University's John F. Kennedy School of Government, where he received a Master of Public Administration in 1989. He was a US State Department–sponsored Fulbright Fellow. [3]

Harvard University published a case study on Mahuad, called "Leadership and Negotiation: Ending the Western Hemisphere's Longest Running Border Conflict."

Presidency

Mahuad initially ran in the presidential election of 1988, coming in a distant fifth place. He then served as mayor of Quito from 1992 to 1998.

Ten years after his first presidential run, he won the presidential election by a very close margin. Álvaro Noboa, the defeated candidate, 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 fell 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 proposed economic reforms that produced the "dollarization" of the economy. He declared a freeze in bank accounts in order to control rampant inflation. This caused massive unrest as the lower classes struggled to convert their now useless Ecuadorian sucres to US dollars and lost wealth, while the upper classes (whose members already had their wealth invested in US dollars) gained[ how? ] wealth in turn. Under Mahuad's recession-plagued term, the economy shrank significantly, and inflation reached levels of up to 60 percent.

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 concluded the peace with Peru on 26 October 1998. [4]

Post-presidency

Mahuad is also a senior advisor at CMI International Group in Cambridge, Massachusetts.

In May 2014, Ecuador’s National Court of Justice sentenced him to twelve years jail term on embezzlement charges. [5]

Related Research Articles

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<span class="mw-page-title-main">Rio Protocol</span> 1942 treaty between Ecuador and Peru

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<span class="mw-page-title-main">Cenepa War</span> Brief territorial conflict between Ecuador and Peru in early 1995

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<span class="mw-page-title-main">Ecuadorian–Peruvian territorial dispute</span>

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<span class="mw-page-title-main">Paquisha War</span>

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<span class="mw-page-title-main">1998 Ecuadorian general election</span>

General elections were held in Ecuador on 31 May 1998, with a second round of the presidential elections on 12 July. The result was a victory for Jamil Mahuad of the Popular Democracy (DP) party, who won the run-off with 51.2% of the vote. The DP alliance also emerged as the largest party in the National Congress, winning 32 of the 120 seats.

The 1998–99 Ecuador economic crisis was a period of economic instability that resulted from a combined inflationary-currency crisis, financial crisis, fiscal crisis, and sovereign debt crisis. Severe inflation and devaluation of the sucre led to President Jamil Mahuad announcing on January 9, 2000 that the U.S. dollar would be adopted as the national currency. Poor economic conditions and subsequent protests against the government resulted in the 2000 Ecuadoran coup d’état in which Jamil Mahuad was forced to resign and was replaced by his Vice President, Gustavo Noboa.

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<span class="mw-page-title-main">Brasilia Presidential Act</span>

The Brasilia Presidential Act, also known as the Fujimori–Mahuad Treaty, is an international treaty signed in Brasilia by the then President of Ecuador, Jamil Mahuad and then President of Peru, Alberto Fujimori, which effectively put an end to the Ecuadorian–Peruvian territorial dispute.

Ana Lucía Armijos Hidalgo is an Ecuadorian politician and economist. She was the first female Ecuadorian Minister of the Interior.

References

  1. Encyclopædia Britannica. (n.d.). Ecuador. Britannica School. Retrieved April 18, 2024, from https://school-eb-com.kentucky.idm.oclc.org/levels/middle/article/Ecuador/106215#25834.toc
  2. Kurzman, Charles. "Islam in the Americas (slideshow [ dead link ])". 17 February 2006.
  3. "Heads of State/Government". www.State.Gov. US State Department. 6 March 2020. Retrieved 6 March 2020.
  4. La difícil construcción de la sanidad pública en Ecuador, Loïc Ramirez, El Mundo diplomatico, febrero de 2018
  5. "Ex-Ecuadorian president Jamil Mahuad jailed for 12 years". IANS. news.biharprabha.com. Retrieved 30 May 2014.
Political offices
Preceded by President of Ecuador
10 August 1998-January 21, 2000
Succeeded by