Sixto Duran BALEN

Sixto Alfonso Durц?n Balen Cordovez was born July 14, 1921 in Boston, Massachusetts, USA. In 1951 he began his career as minister of public works, and in 1960 he worked in the Inter-American Development Bank. In the oil boom years (1970-78) Duran was mayor of the capital of Ecuador, Quito, transforming it from a sleepy town in the highlands in the prosperous business capital.

. In July 1978, Durц?n Balen made the first attempt to run for president as the candidate of the coalition right-wing parties
. In the first round of voting he was second, the second round took place only nine months because of political tensions, and Duran lost his well behind. In 1988 he again took part in the elections, now the Social Christian Party, and became the third in the final vote count.

. In 1991, Duran Balen founded the Republican Unity Party (PRE), after the Social Christian Party put forward their candidate for the upcoming election of his rival Haim Nebota
. July 5, 1992 Duran was elected president of Ecuador, typing 58% of the vote, and 10 August, took a new position.

. By the end of his term Durц?n apathy and pessimism spread to a small 11-Millionnaya Andean nation, deeper social and economic problems of the country
. Save Mode president helped reduce annual inflation from 50% to 25%, . However, attempts to privatize state enterprises Durц?n and modernize the economy failed, . they encounter strong opposition of workers and opposition politicians.,

. Among other things, undermined the credibility of Balena regular scandals about corruption, one of which even led to the resignation of its vice-president
. Business came to a standstill, and the Ecuadorian leadership failed to attract foreign investment to increase economic growth. Opponents accused of Dura, in the weakness and indecision; support Durц?n population was the smallest among other president since the restoration of democracy in 1979.

. Duran undermined the credibility not only for its economic program, but also to his party
. The 1996 elections won by the candidate of the Party of Ecuador roldosistskoy Abdala Bucaram.