Tag: austerity measures

• Monday, October 7th 2019 - 09:48 UTC

  Ecuador in turmoil: shopkeepers arrested for raising food prices while street clashes continue

  

  Ecuadorean authorities began arresting shopkeepers for raising food prices as indigenous groups clashed with security forces on Sunday in the fourth day of protests against President Lenin Moreno's austerity measures.

• Thursday, November 15th 2018 - 08:42 UTC

  Argentina's Senate approves austerity budget agreed with IMF

  

  After 13 hours of debate, the Argentine Senate approved the draft Public Administration Budget for 2019 early on Thursday. The project, presented by Mauricio Macri’s government, went ahead with 45 votes in favor, 24 against and just one abstention.

• Tuesday, November 6th 2018 - 08:58 UTC

  Cuban economy again on the downturn; austerity measures to continue into 2019

  

  Communist-run Cuba’s economic growth will come in at around 1% this year, compared with the 2% previously forecast, due to a fall in exports and tourism revenue, state-run media reported over the weekend. The Caribbean island’s gross domestic product grew 1.8% last year and 0.5% in 2016.

• Monday, September 17th 2018 - 08:12 UTC

  International support for Argentina's general strike against IMF austerity measures

  

  The International Trade Union Conference, ITUC’s affiliates in Argentina, CGT, CTA-A and CTA-T have announced a general strike for 24-25 September in opposition to expected sweeping austerity measures being developed by the government and the International Monetary Fund.

• Thursday, September 13th 2018 - 10:34 UTC

  Argentine labor unions and social groups protest austerity measures in Buenos Aires City

  

  Labor unions and social groups blocked streets in downtown Buenos Aires on Wednesday, with more marches planned over the days ahead over austerity measures proposed by the government and backed by the International Monetary Fund. Protesters are angry about the belt-tightening policies, which are cutting services to low-income Argentines already walloped by inflation of 31 percent and climbing.

• Monday, January 29th 2018 - 11:01 UTC

  Macri and ministers expected to freeze their salaries, for one year, as part of the austerity measures

  

  The government of Argentine president Mauricio Macri is expected to announce on Monday as part of the overall austerity and adjustment programs, a freeze on all top government salaries and the reduction of at least 20% in political nominee posts in the Executive branch.