Contributor(s): President Rafael Correa Delgado | Rafael Vicente Correa Delgado is the current President of the Republic of Ecuador after being re-elected for a second consecutive term in April 2009, he was first elected in late 2006. He served as Minister of Economy from April 2005- August 2005. President Correa Delgado has a Phd in Economics and a Masters in Economic Sciences both from the University of Illinois as well as a Master of Arts in Economía from the Catholic University of Lovaina the New in Belgium. From 1993 - April 2005 he was Principal Professor of the Department of Economics, "San Francisco de Quito" University, Quito - Ecuador.