CONAIE

Ecuador Indigenous Uprising Forces Moreno to Withdraw IMF-Backed Fuel Subsidy Cuts

2019-10-03 00:00:00 +0000 UTC | Importance: 7/10

President Lenín Moreno’s government enacts Decree 883, an IMF-backed austerity measure that eliminates fuel subsidies and causes significant fuel price increases, triggering massive indigenous-led protests that ultimately force complete withdrawal of the decree. The measure is part of IMF loan …

Lenín Moreno CONAIE International Monetary Fund Rafael Correa shock-doctrine imf austerity ecuador indigenous-resistance +2 more

Ecuador President Mahuad Announces Dollarization 'Jump Into the Abyss' Amid Economic Crisis

2000-01-09 00:00:00 +0000 UTC | Importance: 7/10

Ecuadorian President Jamil Mahuad announces the country will abandon its national currency and adopt the U.S. dollar, describing the decision as ‘a jump into the abyss’ just days before making it. Mahuad’s handling of multiple crises—floods from El Niño, the collapse of oil prices, …

Jamil Mahuad Gustavo Noboa CONAIE International Monetary Fund World Bank shock-doctrine imf structural-adjustment ecuador dollarization +2 more