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The Institutional Renewal Party of National Action (Partido Renovador Institucional de Acción Nacional)[1] is a right wing populist political party in Ecuador. At the legislative elections, 20 October 2002, the party won 10 out of 100 seats. Its candidate Álvaro Noboa, the wealthiest person in Ecuador, won 17.4% of the vote in the presidential elections of the same day, but was defeated in the second round. At the October 2006 elections, Noboa was the party's presidential candidate again. This time he came in first place in the first round, winning 26% of the vote, but again lost the runoff, this time against Rafael Correa. At the congressional elections the party won 28 of the 100 seats and will be the largest party in Congress.
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