The head of the electoral council said that a second round between ruling party candidate Lenin Moreno and former banker Guillermo Lasso is all but assured.
The Afore retirement accounts are posting solid returns since their inception, steadily diversifying and offering a wider range of choice for workers of different ages. However, much more is needed looking ahead to avert a potential pension crisis with the graying population.
The Italian group has already invested US$50mn into its new project in Chile, according to Inese.
The projections for GDP were left unchanged for both 2017 and 2018.
Itaú chief economist Mario Mesquita says Brazil is on an "unsustainable trajectory" in terms of its public debt and only pension reforms can turn this around.
Lenin Moreno, the protégé of leftist President Rafael Correa, seeks to avoid a run-off.
BNamericas spoke with World Bank expert Emmanuel Skoufias about the reasons why Brazil went from being a star emerging market with an impressive poverty reduction record to a country in deep economic crisis where millions could be pushed back into poverty.
Premiums jumped more than 80% during January-November.
A poll of experts now see the newest deputy governor taking the helm at the central bank at a particularly difficult moment for the nation's economy.