President 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. after what the Reuters news service said were three hours of televised talks, Moreno will withdraw the International Monetary Fund-backed package known as Decree 883 that included a sharp rise in fuel prices. 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.”
To read the full story on CBS News, click here.
