Ecuador’s Moreno scraps fuel subsidy cuts in big win for indigenous groups

People hold an Ecuadorian flag as they participate in a cleanup of the streets in the aftermath of the last days' protests, after the government of Ecuadorian President Lenin Moreno agreed to repeal a decree that ended fuel subsidies, in Quito, Ecuador October 14, 2019. REUTERS/Henry Romero

QUITO (Reuters) – Ecuadorean President Lenin Moreno on Monday officially scrapped his own law to cut expensive fuel subsidies after days of violent protests against the IMF-backed measure, returning fuel prices to prior levels until a new measure can be found. The signing of the decree is a blow to Moreno, and leaves big questions […]

Continue reading this article with a Fiji Times online membership.

More Stories