Wednesday 13 November 2019
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wn.com - 30 days ago

Ecuador deal cancels austerity plan, ends indigenous protest

QUITO, Ecuador (AP) — Ecuador celebrated a deal President Lenín Moreno and indigenous leaders struck late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead. Under the agreement, Moreno will withdraw the International Monetary Fund-backed package known as Decree 883 that included a sharp rise in fuel costs. Indigenous leaders, in turn, will call on their followers to end protests and street blockades. Comrades, this deal is a compromise on both sides, Moreno said. The indigenous mobilization will end and Decree 883 will be lifted. The two sides will work together to develop a new package of measures to...


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