Ecuador indigenous, president strike deal to end protests
QUITO, Ecuador — Ecuador celebrated a deal President Lenín Morenoand indigenous leaders struck late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.
Under the agreement, Moreno will withdraw the International Monetary Fund-backed package known as Decree 883 that included a sharp rise in fuel costs. Indigenous leaders, in turn, will call on their followers to end protests and street blockades.
“Comrades, this deal is a compromise on both sides,” Moreno said. “The indigenous mobilization will end and Decree 883 will be lifted.”
The two sides will work together to develop a new package of measures to cut government spending, increase revenue and reduce Ecuador’s unsustainable budget deficits and public debt.