Rafael Correa starts new term

In the Legislative Palace, with several country leaders attending, special guests, and delegations of organizations, enacting a speech of an hour and a half in length and saying that “now it is forbidden to fail,” Rafael Correa began a new term today.

Rafael Correa arriving to the Legislative Palace along with his wife, Anne Malherbe.

Besides his formal possession, along with his Vice President Jorge Glas, Correa has prepared two popular investiture ceremonies. In Quito is being held today, at 18:00, at Bicentenario Park (former airport), and before about 80,000 people. In Guayaquil will be tomorrow, at 17:00, at the esplanade of the MAAC. President Rafael Correa will offer his weekly report from the Samanes Park of the city.

It will be his third term and, according to him, it will be his last. The event will feature extreme security measures, especially to protect the leaders and international delegations, including the presidents of Haiti, Michel Martell, of Georgia, Mikheil Saakashvili,of Bolivia, Evo Morales, Vice President of Cuba, Miguel Diaz, presidents of Honduras Porfirio Lobo, of Venezuela, Nicolas Maduro, of Costa Rica, Laura Chinchilla, and Colombia, Juan Manuel Santos. The vice president of Peru, Marisol Espinoza, Prince Felipe de Borbon, of Spain, among others.

Correa began his first term on January 15, 2007 and will continue until May 24, 2017. He reiterated that this will be his last term.

Is expected, as stated in previous interviews, that for the first year in office, the state budget shall not exceed the provisions of 2012 ($ 26,510 million), due to the closure of the Esmeraldas refinery and has -from his possession in office- 90 days for submit it to the Congress.

Hydropower projects like Coca Codo Sinclair, and the construction of more than 200 childcare centers will be a priority in 2013. His speech will include management achievements during this stage.