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by popular vote for four-year terms; election last held 31 May 1998; runoff election held 12 July 1998 (next to be held NA 2002) election results: Jamil MAHUAD elected president; percent of vote--51% Legislative branch: unicameral National Congress or Congreso Nacional (121 seats; 79 members are popularly elected at-large nationally to serve four-year terms; 42 members are popularly elected by province--two per province--for four-year terms) elections: last held 31 May 1998 (next to be held NA May 2002) election results: percent of vote by party--NA; seats by party--DP 32, PSC 27, PRE 24, ID 18, P-NP 9, FRA 5, PCE 3, MPD 2, CFP 1; note--defections by members of National Congress are commonplace, resulting in frequent changes in the numbers of seats held by the various parties Judicial branch: Supreme Court (Corte Suprema), new justices are elected by the full Supreme Court Political parties and leaders: BRAVO] director] EHLERS] Gonzalez] International organization participation: CAN, ECLAC, FAO, G-11, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM, ISO, ITU, LAES, LAIA, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO Diplomatic representation in the US: chief of mission: Ambassador Ivonne A-BAKI chancery: 2535 15th Street NW, Washington, DC 20009 consulate(s) general: Chicago, Houston, Los Angeles, Miami, New Orleans, New York, Newark, Philadelphia, and San Francisco Diplomatic representation from the US: chief of mission: Ambassador Leslie M. ALEXANDER embassy: Avenida 12 de Octubre y Avenida Patria, Quito mailing address: APO AA 34039 consulate(s) general: Guayaquil Flag description: three horizontal bands of yellow (top, double width), blue, and red with the coat of arms superimposed at the center of the flag; similar to the flag of Colombia that is shorter and does not bear a coat of arms Economy Economy--overview: Ecuador has substantial oil resources and rich agricultural areas. Because the country exports primary products such as oil, bananas, and shrimp, fluctuations in world market prices can have a substantial domestic impact. Ecuador joined the World Trade Organization in 1996, but has failed to comply with many of its accession commitments. In recent years, growth has been
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