This was due to a decade of political and economical instability that Ecuador experienced after Abdalá Bucaram was impeached by the former Congress, in late 1997, and that lasted until Correa's inauguration in early 2007.

The election campaigns were officially launched on 4 January and ended on 14 February, as announced by CNE member Juan Pablo Pozo.

As he told the CELAC Summit in 2015: "For the first time in the history of humanity this poverty is no longer due to a lack of resources, but rather is the fruit of inequality, and this, in turn, the product of perverse relations of power, where few have it all and many have nothing at all.”[7] This approach has generated fervent support as well as hostility from wealthy sectors in Ecuador; for example, his land reform policies for giving unproductive land to poor peasants has worried agribusiness, particularly the large flower and banana producers.

The regulations established that candidates who have contracts with the State or have received final judgments for offenses penalized with imprisonment such as bribery, illicit enrichment and embezzlement, would not be allowed to participate.

[16] Banker Guillermo Lasso, the runner-up in the vote, conceded his defeat in broad terms, by stating: “I recognise the triumph of President Correa.”[10] Thousands of Correa's backers celebrated in Quito's main square just after the polls closed.