Jamil Mahuad
| 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 |
| Mayor of Quito | |
|
In office August 10, 1992 – August 10, 1998 |
|
| Preceded by | Rodrigo Paz |
| Succeeded by | Roque Sevilla |
| Personal details | |
| Born |
Jorge Jamil Mahuad Witt July 29, 1949 Loja, Ecuador |
| Political party | Democracia Popular |
Jorge Jamil Mahuad Witt (born July 29, 1949) is an Ecuadorian lawyer and politician, he was the 51st President of Ecuador from August 10, 1998 to January 21, 2000.
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.
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.
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Wikipedia