Tag: Lenin Moreno

• Tuesday, May 26th 2020 - 07:55 UTC

  Street demonstrations in Ecuador to protests drastic economic measures

  

  Demonstrators defied coronavirus restrictions to march in cities across Ecuador on Monday in protest against President Lenin Moreno's drastic economic measures to tackle the crisis.

• Tuesday, May 5th 2020 - 07:15 UTC

  COVID-19 collapses Ecuador: 30,000 confirmed cases and no certainty on death toll

  

  Ecuador on Monday exceeded 30,000 confirmed cases of the coronavirus, while the government launched a plan to start gradually relaxing quarantine measures that have been in place since mid-March. Ecuador has confirmed 31,881 cases of COVID-19, with 1,569 reported deaths and a further 1,336 deaths likely as a result of the virus.

• Tuesday, April 21st 2020 - 08:52 UTC

  Ecuador receives temporary reprieve to defer interest payments

  

  Ecuador received a temporary reprieve over the weekend when the government announced that a sufficient number of investors had agreed to a consent solicitation to defer interest payments.

• Saturday, April 18th 2020 - 08:56 UTC

  Overwhelmed by the pandemic, Ecuador on the cliff of a US$ 17bn default

  

  The coronavirus outbreak in Ecuador is increasing pressure on President Lenin Moreno to default on US$ 17 billion in debt and devote more resources toward fighting a pandemic that has left bodies in the streets of the nation’s largest city.

• Friday, December 20th 2019 - 09:46 UTC

  IMF releases loan tranche to embattled Ecuadorean government

  

  The International Monetary Fund on Thursday approved a delayed loan tranche for Ecuador, releasing nearly US$500 million under a three-year aid program. The IMF board gave the go-ahead for a US$4.2 billion loan in March to help support the oil-rich nation's economic reforms, but massive protests led by indigenous groups erupted in October when President Lenin Moreno scrapped fuel subsidies, causing gasoline prices to soar.

• Monday, October 21st 2019 - 09:40 UTC

  Ecuador resumes oil exports after days of violent protests

  

  Ecuador on Sunday said it had resumed crude oil exports curbed by violent protests that forced several wells in the Amazon to halt operations.

• Wednesday, October 16th 2019 - 07:46 UTC

  OAS declaration on the defense of democracy and social peace in Ecuador

  

  The Permanent Council of the Organization of American States (OAS) approved on Tuesday the Declaration on the Defense of Democracy and Social Peace in Ecuador during a special meeting in which it received a presentation from the Minister of Foreign Affairs and Human Mobility of Ecuador, José Valencia.

• Monday, October 14th 2019 - 09:56 UTC

  Peace in Ecuador: Government and protestors strike a deal; sharp rise in fuel prices suspended

  

  President Lenin Moreno and leaders of Ecuador's Indigenous peoples struck a deal late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.

• Saturday, October 12th 2019 - 10:13 UTC

  Ecuadorean president ready for direct talks with protestors to halt violence

  

  Ecuador's President Lenin Moreno on Friday proposed direct talks with indigenous leaders after deadly protests against fuel price hikes stretched into the 10th day. “It is essential to stop the violence,” Moreno said in a brief address on television. “I call on the leaders to talk directly with me.”

• 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.