Centre-right banker-technocrat market-orthodox program inside a structurally hostile National Assembly. Lasso (Creando Oportunidades, former Banco Guayaquil chairman) won the Apr 2021 runoff with 52.52% against Andrés Arauz. Doctrine centred on (a) Ley Orgánica de Desarrollo Económico (Nov 2021) — one-off wealth and corporate surcharges to close the fiscal gap while cutting investment-tax frictions; (b) Ley de Inversiones and free-trade pursuit (FTA signed with China May 2023, Costa Rica, Korea process); (c) completion of the Moreno-era IMF EFF (final review Dec 2022); (d) attempts at labour flexibilisation and SOE modernisation that were blocked by the Assembly or by the October 2021 referendum failing to be called, and by the Feb 2023 consulta popular losing on all eight questions. Facing impeachment over the "Caso Encuentro" allegations, Lasso invoked muerte cruzada on 17 May 2023 — the first use of Article 148 of the 2008 Constitution — dissolving the Assembly and governing by decree-law (11 decretos-ley económicos urgentes, mostly tax-simplification and investment) until the Aug 2023 early election. Did not stand for re-election. Popularity eroded from ~70% on taking office to sub-20% by mid-2023. Coherent as a compressed market-liberal package operationalised mainly through executive decree after legislative paralysis.
Policy-content fingerprint — how the framework codes this movement on its axes
Statutory and effective corporate tax rates, treatment of depreciation, and international competitiveness.
decreased · weak
lower corporate tax burden
Ley Desarrollo Económico simplified regime; later decretos-ley reduced corporate frictions, though a one-off wealth surcharge ran briefly the other way.
Ley Orgánica para el Desarrollo Económico y Sostenibilidad Fiscal tras la Pandemia COVID-19 (Reg. Of. 587, 29 Nov 2021)
Decreto Ejecutivo 741 de 17 mayo 2023 (muerte cruzada)
IMF Country Report 22/344
Notes
First constitutional use of muerte cruzada — Art. 148 of the 2008 Constitution. Case is analytically valuable for executive-vs-assembly institutional stress tests.