Leonidas Iza, the candidate for the Pachakutik party, is backing Luisa González after coming in third in the first round. 

Leonidas Iza, the candidate for the Pachakutik party, is backing Luisa González after coming in third in the first round. 

Photographer: Galo Paguay/AFP/Getty Images

Ecuador’s Election Hinges on Indigenous Voters Torn Between Security, Economy

With Noboa and González in a dead heat, the concerns of those that backed the third-place candidate will be key to deciding Sunday’s presidential runoff.

Just 17,000 votes separated the top two candidates in the first round of Ecuador’s presidential election. A third contender raked in half a million votes, meaning supporters of his Indigenous and environmentalist party will be a deciding factor in this weekend’s runoff.

Final polling ahead of the April 13 vote showed socialist challenger Luisa González, a lawyer and protege of former President Rafael Correa, running neck-and-neck with incumbent Daniel Noboa, the millennial heir to a banana fortune. Markets are poised to rally if Noboa can eke out a win, while bonds may be nearing a bottom as traders have priced in a González victory.