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Ecuador: Lenín Moreno withdraws controversial fuel decree


In Ecuador's crisis, a solution is emerging. The government promises to withdraw the cancellation of fuel subsidies. The protests should end for that.

After days of protests against rising fuel prices, the Ecuadorian government and the indigenous movement have reached an agreement. The government of President Lenin Moreno will take back a controversial decree stating that government subsidies for fuels have been cut, according to UN mediator Arnaud Peral. In return, the indigenous movement stops the protests.

Both sides had previously met for talks to resolve the social unrest. The protests have killed seven people and injured more than 1,300 people since early October.

The riots had been inflamed by sharply higher fuel prices. The demonstrators blame Moreno for the rise in fuel prices as he signed an agreement with the International Monetary Fund (IMF) in March. Ecuador secured billion-dollar IMF loans. In return, Moreno's government was forced to abolish government subsidies for fuel.

Source: zeit

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News/Politics 2019-10-14T14:28:44.448Z

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