Weekly Report - 22 January 2015 (WR-15-03)

Ecuador’s President Rafael Correa hailed the “revolution of innovation” to mark his eighth anniversary in power on 15 January in Yachay, the City of Knowledge located in Urcuquí in the northern province of Imbabura, which he considers to be “the most important project” of his ‘Citizens’ Revolution’. Correa, who is undertaking what he calls a complete overhaul of the productive matrix to reduce Ecuador’s reliance on oil, acknowledged that “the year ahead will be difficult, but we will not fail,” in reference to the precipitate fall in oil prices, while describing knowledge as “an inexhaustible source of development”.

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