Jamil Mahuad

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Jamil Mahuad
Jamil Mahuad

In office
10 August 1998 – 22 January 2000
Vice President Gustavo Noboa
Preceded by Fabián Alarcón
Succeeded by Gustavo Noboa

Born July 29, 1949 (1949-07-29) (age 58)
Loja , Ecuador
Political party Democracia popular

Jorge Jamil Mahuad Witt (born July 29, 1949) was President of Ecuador from August 10, 1998 to January 21, 2000. He 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.

He proposed economic reforms that produced the "dollarization" of the economy. He declared a freeze in bank accounts in order to control the countries' inflation. However, some allege that his inner circle had enough time to take millions of dollars out of the banking system.

He lectures in ethics and politics at universities across America. Mahuad is a Fellow at the Center for Public Leadership at Harvard University's Kennedy School of Government.

During his presidency, a historical peace agreement with the neighboring country of Peru was signed, resolving the countries' longstanding border dispute. Under the agreement, Ecuador renounced its claims to sovereignty of the disputed territory under the Rio de Janeiro Protocol; Peru deeded ownership of a square kilometer of the territory to Ecuador.

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Preceded by
Fabián Alarcón
President of Ecuador
1998-2000
Succeeded by
Gustavo Noboa