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Ecuador Political News

AP Explains: Crisis in Ecuador over end to fuel subsidies- The Washington Post

Ecuador landscape

QUITO, Ecuador — Ecuador has endured days of popular upheaval since President Lenín Moreno scrapped fuel price subsidies, a step that set off protests and clashes across the small South American country. Here’s a look at the chaos that has plunged Ecuador into one of its worst political crises in many years:

Last week, Moreno declared an end to government subsidies that had been holding down fuel prices, saying the move was part of a package of measures designed to revitalize Ecuador’s economy. The announcement triggered a strike by transport workers that ended a few days later, but clashes involving youths and also members of Ecuador’s indigenous communities have kept up pressure on the government.

The widespread unrest reflects a sense of alienation among many people who were already suffering economic hardship. Economic problems stem from the high public indebtedness inherited from the 2007-2017 administration of President Rafael Correa. His successor, Moreno, has also sought credit with international agencies, especially the International Monetary Fund.

To read the full article from The Washington Post, click here.


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