General Strike Against the IMF Shuts Down Ecuador — The New Dark Age

Striking workers and activists vow that they will not call off the national strike that began this Wednesday until Moreno reinstates state oil subsidies and lowers the price of fuel and petrol. Moreno cut the oil subsidies last week as part of an agreement the government negotiated with the IMF for a loan of $4.2 billion in March 2019 in order to combat Ecuador’s worsening economic crisis. The protests are not just about fuel hikes, however. Ever since taking office, Moreno has instituted harsh austerity policies, cutting funding to social programs and wages in the public sector, raising the cost of living, and degrading the living conditions of millions of working-class Ecuadorians across the country.

via General Strike Against the IMF Shuts Down Ecuador — The New Dark Age