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Lenin Moreno Announces Revision of Ecuador's Austerity Laws (VIDEO)

by Ace Damon
Lenin Moreno Announces Revision of Ecuador's Austerity Laws (VIDEO)

Americas

00:14 13.10.2019 (updated 01:29 13.10.2019) Short URL

At the end of Saturday (12), Ecuadorian President Lenin Moreno pledged to revise the decree that had terminated fuel subsidies in Ecuador.

The end of subsidies is one of the main reasons for the discontent of protesters on the streets of Ecuador.

Moreno also said he will study the consequences of this controversial project more closely to ensure that the law can benefit local communities, according to Reuters.

The measure was announced in national chain in Ecuador and was also published on Twitter:

My Government has always been dialogue and peace, but also firmness and attachment to the Law and Constitution We will not allow bad violence! It's been hard days, but let's get this country out. Dialogue is our tool and we move forward in this process. #LaPazSeRecovers pic.twitter.com/kJy7ywAVuK

– Lenín Moreno (@Lenin) October 13, 2019

My government has always been one of dialogue and peace, but also of firmness and attachment to the law and the constitution. We will not allow more violence! It's been a tough day, but let's get the country going. Dialogue is our tool and we will move forward in this process.

The publication also points out that the government intends to revise austerity measures and will maintain the curfew established in the country's capital.

For peace and the future of our country we have decided to keep the touch of falling in Quito with the next warning; In addition, we will revise Decree 883 as requested by indigenous organizations and social sectors to ensure that resources are available to the field. #LaPazSeRecovers

– Lenín Moreno (@Lenin) October 13, 2019

For the peace and future of our country we have decided to keep the curfew in Quito until the next warning; In addition, we will revise Decree 883 as requested by indigenous organizations and social sectors to ensure that resources reach the countryside.

In the published video, Moreno also states that the demonstrations are influenced by Venezuelan President Nicolás Maduro and former Ecuadorian President Rafael Correa.

Previously, Moreno refused to abandon the imposed austerity measures, which would reduce the country's debt to about $ 1 billion by 2020.

Indigenous-led protests against the measures swept through Ecuador throughout the week and prompted President Moreno to declare a state of emergency and transfer the government headquarters from the capital of Quito to the city of Guayaquil.

The unrest was triggered by Moreno's austerity measures, introduced as economic reforms, as a condition of receiving a loan package from the International Monetary Fund (IMF).

The demonstrations, initially made by transport companies, evolved into large-scale protests with economic and political demands, attracting various Ecuadorian social groups such as farmers, students and indigenous people.

Ecuador's economy is under a debt of about $ 3.6 billion that grew during the last government.

. (tagsToTranslate) Demonstrations in Ecuador (t) Indigenous Protests in Ecuador (t) Lenin Moreno Decides to Meet the Demands of Indigenous Groups

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