Ecuador's Moreno says will repeal fuel subsidy cuts in coming hours
- Country:
- Ecuador
Ecuadorean President Lenin Moreno said on Monday that he will repeal a decree that slashed IMF-backed fuel subsidies "in coming hours," confirming that he had given into a key demand of protesters who had spent nearly two weeks agitating for its anullment. Moreno added that a new decree would be issued to ensure that resources go to those who most need it, though he did not specify when. "We have opted for peace," Moreno said on Twitter.
The comment follows a deal struck with indigenous protest leaders late on Sunday that ended demonstrations that had rocked the highland capital of Quito.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Lenin Moreno
- protesters
- Ecuadorean
- protest leaders
- IMF
- Quito
- Mitra Taj
ALSO READ
BRIEF-AstraZeneca Says Imfinzi Improved OS & PFS In Limited-Stage SCLC
Eight per cent growth projection for India not ours: IMF
Health News Roundup: AstraZeneca's Imfinzi shows promise in treating aggressive lung cancer; US FDA issues warning letters to retailers against underage sale of ZYN nicotine pouches and more
World Bank asks Pakistan to adopt National Fiscal Policy amid bailout talks with IMF
World faces persistent low growth in absence of productivity reforms, IMF says