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Ecuador Political News

The crisis narrative of Ecuador’s Lenin Moreno has obscured the real winners and losers of recent economic policy- London School of Economics

The discourse of crisis promoted in the first two years of the Moreno government (2017-18) was a political strategy designed to create distance from the administration of his predecessor Rafael Correa. But its overemphasis on the fiscal deficit was inconsistent with the reality of the macroeconomic situation, and the economic policy stemming from it sidelined important concerns over productive capacity in favour of providing benefits to new allies in the private sector, writeKatiuska King (Central University of Ecuador) and Pablo Samaniego (Pontifical Catholic University of Ecuador).

Although Ecuador’s current president Lenin Moreno was elected under the auspices of his predecessor Rafael Correa’s political movement (PAIS Alliance), once in office he distanced himself from Correa by allying with business sectors and the political right while promoting a discourse of “exposing” failures of the previous model. As we discuss in our recent article for Ecuador Debate, this affected public perceptions of the economy in ways that justified a shift towards austerity, but the reality of economic policymaking also created many winners amongst his new allies.

To read the full story on The London School of Economics, click here.



Members of indigenous communities in the Amazon in Ecuador would like to know: What happened to the more than $20M reportedly raised on their behalf by now-disbarred NY lawyer Steven Donziger? #FollowtheMoney
#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.
The @WSJ sums this case up nicely, “[Steven Donziger] and his team fabricated evidence, promised $500,000 to an #Ecuadorean judge to rule in their favor, ghostwrote much of the final verdict and took other actions that ‘perverted’ the course of #justice. Mr. Donziger disputes the…
Shameless. Disbarred and convicted of criminal contempt of court for bribing an Ecuadorian judge in an attempted extortion scheme, @SDonziger is nonetheless accepting invitations to speak at #climate rallies. Read more about this adjudicated racketeer:
Sworn testimony: While Texaco met its environmental obligations in the Amazon, #Ecuador’s national oil company did “absolutely nothing” to address its own remediation in the area. #FactsMatter:

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