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Ecuador reaches deal to cancel austerity measures, end mass protests

WorldNews Monday, 14 October 2019
Ecuador reaches deal to cancel austerity measures, end mass protestsPresident Lenín Moreno and leaders of Ecuador’s indigenous peoples struck a deal 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 announced just before 10 p.m., Moreno will withdraw the International Monetary Fund-backed package known as Decree 883 that included a sharp rise in fuels. Indigenous leaders, in turn, will call on their followers to end protests and street blockades. “Comrades, a deal is 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...
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Credit: Al Jazeera STUDIO - Published < > Embed
News video: Ecuador sees 10th day of anti-austerity protests

Ecuador sees 10th day of anti-austerity protests 02:09

At least five people have been killed in unrest as demonstrators push for President Lenin Moreno to repeal a law that ended a 40-year-old fuel subsidy.

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