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Ecuador Political News

Ecuador: Gov’t To Drop IMF-Decree, Deal Reached Strike Over- Telesur

Ecuador landscape

United Nations-backed dialogue table installed between Lenin Moreno’s governement and leaders of Indigenous organizations reached a historic deal Sunday to revoke pro-IMF Decree 883, end strikes across the country, and to set up a comission that will write the new document that will replace it.

The U.N. Representative in Ecuador Arnaud Peral informed that the new decree will be drawn up by organizations of the Indigenous movement, participants from the dialogue and the government with mediation from the international body and the Catholic church. 

In a televised speech on Oct. 3, Moreno announced executive order 883 which “liberates the price of diesel and extra gasoline,” justifying his decision by saying that the Ecuadorean state allocates more than US$1.3 billion a year in fuel subsidies.

To read the full article on Telesur, click here.


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