Age, Biography and Wiki

Ricardo Patiño was born on 16 May, 1955 in Guayaquil, Ecuador, is a politician. Discover Ricardo Patiño's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 68 years old?

Popular As N/A
Occupation N/A
Age 69 years old
Zodiac Sign Taurus
Born 16 May, 1955
Birthday 16 May
Birthplace Guayaquil, Ecuador
Nationality Ecuador

We recommend you to check the complete list of Famous People born on 16 May. He is a member of famous politician with the age 69 years old group.

Ricardo Patiño Height, Weight & Measurements

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He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

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Ricardo Patiño Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Ricardo Patiño worth at the age of 69 years old? Ricardo Patiño’s income source is mostly from being a successful politician. He is from Ecuador. We have estimated Ricardo Patiño's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
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Timeline

2019

In April 2019 Ola Bini, a Swedish software developer, was detained in Ecuador. Ecuador said he was being investigated for being part of a plot to "destabilise" the Ecuadorian government. Ecuador’s interior minister, María Paula Romo alleged Patiño was part of the plot and had travelled with Bini to Peru, Spain and Venezuela. Patiño said he had never met Bini. An Ecuadorian judge ordered Patiño's arrest for "instigation" and prosecutors asked Interpol for help in detaining him. Patiño said he was "being wrongfully pursued for calling for peaceful protests against President Lenín Moreno".

2013

The Minister of Foreign Affairs, Trade and Integration, Ricardo Patiño has been one of the promoters of the initiative to strengthen the Inter- American Human Rights System, with specific reforms to the Inter- American Commission on Human Rights (IACHR). The representatives of 21 States Parties to the American Convention on Human Rights (Pact of San Jose) met in Guayaquil on 11 March 2013 for further discussion in the region.

For the same purpose, Patiño also chaired the Second Conference of States Parties to the American Convention on Human Rights on 14 May 2013, in Cochabamba, Bolivia, where a second Declaration was passed reaffirming commitments held in Guayaquil, and establishes concrete actions to advance the process in which Ecuador has played an active and decisive role.

2012

Ecuador also witnessed advances on bilateral relations with Colombia and Peru. During 2012, Binational Cabinets took place in both countries on which agreements on road management, health, security, trade, assistance to vulnerable populations were signed; also, the basis for a comprehensive governmental assistance in the border areas were set. With neighboring countries, the border disputes were settled after defining the sea limits by means of a process that involved dialogue, negotiation, and mutual trust.

On 3 April 2012, with ratification by the parliaments of Argentina, Bolivia, Ecuador, Uruguay and Venezuela, entered into force the Charter and on 12 June 2013 held the first meeting of the Council of Ministers of Finance, the same which was opened by Ecuador's Foreign Minister Ricardo Patiño and the Chancellor of Venezuela Elias Jagua. At this first meeting there were important steps aimed at this regional development banks new type, based primarily on the strategic needs of the region and not subjugated to the dictates of the market, including operations in the shortest possible time. (the rules of procedure was approved, the process of designation of authorities was agreed and the schedule of the first contributions was approved).

Finally, the impasse was overcome by appointing new ambassadors in both countries in June 2012.

On 19 June 2012, the creator of WikiLeaks, Julian Assange, appeared at the Ecuadorian Embassy in London in order to request diplomatic protection to the Ecuadorian State. He based his request on his fear that the United Kingdom would extradite him to Sweden, the country that wants to interrogate him on alleged sex crimes, and that from that country he could be further extradited to the United States, where he affirms his life is at risk.

On 27 September 2012, Patiño had a meeting with the British Foreign Minister, William Hague. They agreed to carry on with the dialogues in order to find a diplomatic solution for the issue.

2011

In April 2011, he expelled the United States Ambassadress in Ecuador, Heather Hodges, since she refused to give explanations concerning a cable filtered by WikiLeaks, in which Hodges affirmed that President Rafael Correa appointed General Jaime Hurtado as Commander of the National Police despite the fact that he knew about his alleged criminal behavior since he thought that because of Hurtado’s condition he could be "easily manipulated". Patiño expressed his indignation resulting from those affirmations, declared the Ambassadress persona non grata, and asked her to leave the country as soon as possible. In response, the United States also expelled Ecuadorian Ambassador, Luis Gallegos.

2010

In January 2010, he assumed the post of Minister of Foreign Affairs, Trade, and Integration; he voiced a speech on sovereignty, regional integration, making citizens participants of diplomacy, and supporting Ecuadorian migrants abroad. During his administration, Ecuador witnessed transcendental milestones regarding its international and trade policies, which included the consolidation of relations with neighboring countries, the end to border disputes, the achievement of new commercial partners, the strengthening of new stages of regional integration, and the promotion of human rights.

Minister Ricardo Patiño had protagonist participation when supporting President Rafael Correa during the events that took place on 30 September 2010. Along with the members of the Government Cabinet, he joined the people that went to Carondelet Palace in order to support the President. There, he condemned the coup d’état attempt and appealed people to pacifically march to the National Police Hospital so as to rescue the President, who had been kidnapped by the members of the Police.

2009

The final report of the CIAC was presented in November 2008; among its arguments were the declaration of "illegitimacy" to the commercial tranches and the need of recognizing the joint responsibly comprehended in managing the debt, the annulment of illegitimate obligations and the compensation for the damages caused. President, Rafael Correa, declared on 12 December the moratorium of the external debt, on the tranche of Global bonds 2012 and 2030. Global bonds 2010 represented a capital of 510 million dollars. In February 2009, he likewise declared the moratorium on Global bonds 2030; they added up to a capital of 2,700 million dollars. With this declaration, Correa undertook the definition of a proposal directed to creditors, despite the warnings from the market analysts that the country would suffer the terrible consequences of having refused to pay the debt when it had all the necessary resources in order to do so. The market speculated on the scope of Ecuador’s plan. Options revolved around the renegotiation, restructuration, repurchase, exchange of documents, among others. The official proposal was presented on 20 April 2009; it consisted on repurchasing the bonds in circulation for up to 35 cents of their nominal values (price ceiling), appealing to an inverse reverse auction mechanism, by which the owed amount reduced just as the due date for closing the operation got closer. Ecuador finally announced, on June of the same year, that through the operation it had repurchased the bonds with a discount of up to 70 per cent. According to reports from the Minister of Finance of that time, Elsa Viteri, the net savings that came from this operation were 2,000 million dollars. However, when adding the savings concerning the service of the bonds, if their original settlement due date had arrived, the country saved 7,500 million dollars, according to Viteri. Ecuador, buy means of the repurchase and other actions concerning the management of its public debt, succeeded in lowering the service of its external obligations from almost the 40% to the 22% of the General Budget of the State. The balance of the debt reduced, in net terms, by more than 3,000 million and the service by 331.2 million dollars a year. With these achievements, during the last five years, social investment grew significantly from 1,980 to 5,197 million dollars between 2006 and 2011. Poverty, at national scale, decreased from 37.6% to 28.6%, during the same years. Rural poverty was reduced from 60.6 to 50.9 per cent. (Source: Video "Debtocracy").

The transition period was completed on 10 August 2009, with the possession of President Rafael Correa and of the members of the National Assembly.

Among his efforts to provide UNASUR the legal and institutional structure, he has promoted "Banco del Sur", whose managed deployed the necessary actions aimed at the signing of the Agreement by the Heads of the seven founding countries (Argentina, Brazil, Bolivia, Ecuador, Paraguay, Uruguay and Venezuela), held on 26 September 2009.

2008

While he was Minister of Economy, Patiño created the Under-Secretariat of Social Economy, and raised the need of carrying out a Comprehensive Auditing to the Ecuadorian public debt. This initiative materialized in 2008. Besides, he increased the budget for health and education, created policies for granting credits to rural areas, and gave priority to investment in social and strategic sectors.

The Constitution was approved on 28 September 2008 by an overwhelming majority of voters (63.93%). After this resolution, a transition regime was established. It considered the execution of new general elections; here, Correa and the ruling movement, as well as the adoption of the required reforms for applying the new Magna Carta prevailed including the approval and implementation of the democratic institutions for the administration of justice, among others.

Finally, the Treaty establishing UNASUR entered into force in March, 2011, almost three years after it had been signed in Brasilia, on 23 May 2008.

2007

His initial actions for the creation of the "Banco del Sur" were included in the Declaration of Quito from 3 May 2007 and in the Declaration of Asuncion, 22 May 2007. These efforts converged on the signing of the Founding Act of "Banco del Sur" by the Presidents of Argentina, Bolivia, Brazil, Ecuador, Paraguay, Uruguay and Venezuela, on 9 December 2007.

Voicing a speech, that included constant references such as the need of "putting humans before capital at all times", from the Ministry of Economy and Finance (now Ministry of Finance), Patiño drove, since January 2007, the creation of a commission that would audit the total public debt of the country, including the contracting, negotiation, restructuration, and usage of the different types of credits in order to determine their legitimacy, transparence, quality, efficiency, and effectiveness.

The main objective was achieved on 9 July 2007, by means of the issuing of the decree 427 on the part of President Correa. The document, that gave way to an unprecedented process of public debt auditing on behalf of State organisms, stipulated the creation of the Comprehensive Auditing Commission of Ecuador’s Public Credit (officially known as CAIC, which is its acronym in Spanish). This Commission audited the "covenants, contracts, and other forms of modalities used in credit acquisition by Ecuador’s’ public sector that came from governments, institutions of the multilateral financing system or the bank and the private sector, whether national or foreign, from 1976 to 2006".

In this position, he strengthened the bonds with Decentralized Autonomous Governments (GAD, acronym in Spanish), and with indigenous organizations of the country regarding governmental policies in favor of interculturality in the Ecuadorian society. Besides, he coordinated the relations between the Executive and the ruling bloc at the Constituent National Assembly of Ecuador 2007, that wrote the Constitution which is in force, and whose establishment was approved by 81.72% of the voters at the Popular Referendum of 15 April of the same year. The Constituent Assembly had 130 members: 100 at province scale, 24 at national scale, and 6 representatives of the emigrant communities. Alianza Pais had 80 seats.

2006

Patiño was part of the team that accompanied Correa since the beginning of his political career. He participated in two of his political campaigns: in 2006, (when he first won the Presidency of the Republic for the first time), and in 2009 (when he was elected for his second term of office within the framework of the general elections contemplated under the transition regime introduced with the endorsement of the Magna Carta). The leftist leader led the Ministries of Economy and Finance (nowadays Ministry of Finance), Coast, Coordinator of Politics and Autonomous Governments. He currently is the Minister of Foreign Affairs, Trade and Integration.

2005

Throughout his career he has held the positions such as : Economic Consultant of the Ecuadorian Central Class Organizations (1982-1991), Parliamentary Counselor (1990-1992), Founding Member of the Board of Directors of the Association of Users and Consumers of Guayas (1992 - 1997), Founder of the Group of Social Studies (March 1999 – 2000), General Coordinator of the Research Team "Strategies for an employment policy for Ecuador with emphasis on micro and small enterprise" ILDIS (February – September 2000), Founding Member and Coordinator of the Jubilee 2000 movement-Red Guayaquil Driving Group member (May 1999 to present), Member of the Driving Group (May 1999 – to present), Coordinator of the Technical Advisory Committee of the Inter-Ministerial Employment Commission of Ecuador (March 2001 – December 2002), Founding Member and Manager of the Savings and Credit Cooperative "De todas" (February 2003 - May 2005), Coordinator of the Professional Team appointed by Jubilee 2000 - Red Guayaquil, for developing the National Strategy for Debt Relief (August to December 2003), Advisor to the Minister of Economy and Finance of the Republic of Ecuador (June to July 2005), General Undersecretary of Economics at the Ministry of Economy and Finance of the Republic of Ecuador (July–August 2005), Minister of Economy and Finance (January–July 2007), President of the Comprehensive Auditing Commission of Ecuador’s Public Credit (2007-2008), Minister of the Coast (July–December 2007), Politics' Minister Coordinator (2008 - 2010), and Minister of Foreign Affairs, Trade, and Integration (2010 to present).

2002

In 2002, influenced by reading "Creating a world without poverty" by Professor Muhammad Yunus, Patiño gathered together a group of professionals and leaders of social organizations providing financial support and training for women with very low income without access to credit in the financial system (especially from the Guasmo of Guayaquil). This organization, which works with the Grameen Methodology, still works today and has expanded considerably.

2001

After writing his master’s thesis related to the world of labor, Patiño was External Consultant of the ILO (September 2000 - February 2001) and General Coordinator of the Research Team "Estrategias para una política de empleo para el Ecuador con énfasis en la pequeña empresa y micro empresa" (Strategies for an employment policy for Ecuador with emphasis on micro and small enterprise) ILDIS (February – September 2000). From March 2001 to December 2002, he was Coordinator of the Technical Advisory Committee of the Inter-Ministerial Committee on Employment of Ecuador.

2000

He has published the following books: "Desempleo y Subempleo en Guayaquil en la Década de los 90: Teoría, Conceptos, Indicadores y Tendencia" (Unemployment and Underemployment in Guayaquil during the 90s: Theory, Concepts, Indicators, and Trends) and "Jubileo 2000", "La vida antes que la Deuda" (Jubilee 2000: Life before debt). He is co-author of the book: "Empleo y economía del Trabajo en el Ecuador"(Employment and Labor Economics in Ecuador), published by Abya-yala (2001). Additionally, he wrote the introduction for the book: "Deuda Externa y Bonos Brady" (External Debt and Brady Bonds).

1999

In 1999 Patiño was a founding member, along with Alberto Acosta, Patricia Davila and Yvonne Benitez and others, of Jubilee 2000 – Guayaquil Network, an organization that investigated, criticised, and sought to resolve issues concerning Ecuador's foreign debt. Patiño was the Coordinator of this movement for two years, and remains a member of the promoter group.

1982

Patiño then returned to Guayaquil to work as an activist with trade unions and workers in the country. He was Economic Adviser for the Ecuadorian Central Class Organizations (1982-1991) and Founding Member of the Board of the Association of Users and Consumers of Guayas (1992 - 1997). He was also an advisor at the National Parliament (1990-1992).

1980

After graduation from UAM, Patiño went to Nicaragua where he took part in the Sandinista Revolution, which overthrew the Somoza family dictatorship. This socialist revolution was influenced by Liberation Theology. He was then appointed Head of the Department of Economic Planning, National Institute of Agrarian Reform, Southern Region, Nicaragua (1980-1981), where he worked on land redistribution which was a major priority of the Nicaraguan government.

1979

Born in Guayaquil, Patiño studied economics at the Metropolitan Autonomous University (UAM) in Iztapalapa, Mexico. He earned the diploma to "Best Economics Student from Autonomous Metropolitan University", and he graduated as top student, due to his high grade point average (1979). He then received a Master in Economic Development at the International University of Andalusia, Spain (2001).

1954

Ricardo Armando Patiño Aroca (born 16 May 1954) is an Ecuadorian politician who has served as Minister of Foreign Affairs of Ecuador from 2010 until 2016, under the government of President Rafael Correa. Previously he was Minister of Finance and Minister of the Coast. He is one of the ideologists of The Citizens' Revolution who with Correa wanted to gradually introduce a democratic socialist government in Ecuador. On 4 March 2016, he was name as Defense Minister by President Correa.