Enter your email address:

Delivered by FeedBurner

Subscribe in a reader
Ecuador President declares state of emergency amid fuel protests
Ecuador’s President Lenin Moreno has declared a state of emergency in response to nationwide protests over fiscal reforms valued over $2 billion (€1.8 billion) per year. Image via dw.com

Ecuadorian President Lenin Moreno has declared a national two-month state of emergency over civil unrest in the country following a decision to eliminate fuel subsidies, media reported.

On Tuesday, the Ecuadorian government announced that it would be eliminating fuel subsidies as part of a deal reached with the International Monetary Fund in February to obtain a $4.2 billion loan.

The measure also includes a reduction of vacation days for public employees, changes to retirement benefits and lower compensation for some contract workers.
On Thursday, after the measure went into effect, violent protests erupted nationwide, with taxi, bus, and truck drivers blocking roads and bridges in Quito and clashing with police.

According to the president’s decree, as cited by the El Telegrafo news outlet, the 60-day state of emergency, which also went into effect on Thursday, allows the government to mobilise security forces and invoke extraordinary measures to address the civil unrest.

Later on Friday, Interior Minister Maria Paula Romo said, as cited by the El Universo news outlet, that at least 195 people, 150 of which were in detention in the country’s most populous city of Guayaquil, had been arrested in the protests.

Additionally, 21 police officers had been injured since Thursday in the protests.

 On Wednesday, Economy Minister Richard Martinez said that the government hoped that the fuel measure, which is expected to more than double gas prices, would save the Latin American country about $2.27 billion a year.

Ecuador’s economy is suffering from a heavy debt burden of about $3.6 billion, which grew under previous leadership.

Moreno has been adamant about slashing the debt to about $1 billion by 2020.
On Tuesday, the government announced that it would be leaving the Organisation of the Petroleum Exporting Countries to increase crude oil production to raise more income.

Post a Comment

Previous Post Next Post