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 MorenoCONAIEInternational Monetary FundRafael Correashock-doctrineimfausterityecuadorindigenous-resistance+2 more
Indigenous organizations led by CONAIE and the Coalition in Defense of Water and Life (Coordinadora) launch a massive uprising in Cochabamba, Bolivia, blocking roads and marching on the capital to protest World Bank-imposed water privatization. Throughout the 1990s, Bolivia faced increasing pressure …
Bechtel CorporationAguas del TunariWorld BankHugo BanzerCoalition in Defense of Water and Life+2 moreshock-doctrinestructural-adjustmentworld-bankprivatizationbolivia+3 more
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 MahuadGustavo NoboaCONAIEInternational Monetary FundWorld Bankshock-doctrineimfstructural-adjustmentecuadordollarization+2 more