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Gustavo Noboa |
WHEN GUSTAVO NOBOA took over the presidency from coup leader Lucio Gutierrez at the beginning of 2000, he proved an adept captain of the good ship Ecuador. Despite the ramshackle nature of his vessel, he oversaw a successful transition to dollarization, implemented large primary fiscal surpluses, finally got construction moving on a new heavy oil pipeline and was rewarded with the strongest economic growth in Latin America.
Over the past year, however, and especially the past six months, Noboa seems to have turned almost suicidal.
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