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Ecuador: President Signs Decree to Revert Fuel Prices Back to Subsidized Levels

HeadlineOct 15, 2019

In Ecuador, President Lenín Moreno signed a new decree Monday to revert fuel prices back to the subsidized levels, after the government and indigenous groups struck a deal to end two weeks of massive indigenous-led protests. Under the agreement reached Sunday night, Ecuador did not withdraw from the $4.2 billion International Monetary Fund loan, as we and other outlets reported Monday. A special commission has now been set up in which indigenous leaders and other social organizations will negotiate plans to reduce Ecuador’s deficit.

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