Tabare Vasquez wins Uruguay's run-off election - exit polls

Mr Lacalle Pou later admitted defeat. President Jose Mujica, also a member of the Broad Party, is barred by the constitution from running for a second consecutive term. Mr Vasquez, a former president, won the first round of voting in October. He gained more than 46% of the vote but it was not enough for an outright majority. Mr Lacalle Pou then secured the endorsement of the third-placed candidate Pedro Bordaberry, of the conservative Colorado Party. 'Big shoes to fill' Mr Vasquez ended his first term as president five years ago with high approval ratings, but was forced to step aside under the same law that bars Mr Mujica from a second term. Mr Vasquez, a 74-year-old cancer specialist, has pledged to boost social spending and keep the economy in its current good shape. He also wants to reform the education system and fight crime - two of the weakest points of Mr Mujica's government, the BBC's Ignacio de los Reyes in Montevideo reports. Mr Mujica remains popular for leading the country through a period of economic growth and introducing social reforms such as legalisation of marijuana, abortion and gay marriage. Mr Mujica refused to live in a palace when he became president four years ago and instead he stayed at his humble farm in the outskirts of Montevideo, where he grows his own vegetables. His down-to-earth style has put Uruguay in the international spotlight and his shoes will be hard to fill, our correspondent says.