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October 15, 2019

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