Ecuadorean President Lenin Moreno said that his government will eliminate subsidies for diesel and low-octane gasoline and create a new corporate tax as part of a package of measures to narrow the country’s fiscal deficit.
Ecuador's President Lenin Moreno declared a state of emergency Thursday as protests broke out nationwide over the end of decades-old fuel subsidies as part of a $2 billion government fiscal reform package. Police responded with tear gas in the worst unrest for years in the oil-producing Andean nation.
Return to the Fatherland flights for migrants who want to return to Venezuela will resume Tuesday and Wednesday, the Nicolás Maduro administration announced.
Ecuador's President Lenin Moreno has blocked the extradition to the United States of a New York man charged with trying to defraud Facebook Inc founder Mark Zuckerberg, according to a document obtained by Reuters.
Julian Assange used the Ecuadorian embassy in London as a “centre for spying”, the country's leader has said. Lenin Moreno also said no other nation had influenced the decision to revoke the WikiLeaks founder's asylum, which he said followed violations by Assange.
For the United Nations (UN), the United Kingdom arrested “arbitrarily” WikiLeaks’s co-founder, Julian Assange, on Thursday and warned that by allowing his arrest, Ecuador has put the Australian journalist at risk of being extradited to the United States, “Exposing him to the risk of serious violations of human rights.”
WikiLeaks founder Julian Assange was arrested by British police and carried out of the Ecuadorean embassy on Thursday after his South American hosts abruptly revoked his seven-year asylum, paving the way for his possible extradition to the United States.
Uruguayan President Tabaré Vázquez questioned on Thursday the Colombian-Chilean initiative to create a new integration bloc to replace the Union of South American Nations (UNASUR) and argued that the region has a number of integration processes that collide and they become inefficient.
Ecuador and the International Monetary Fund (IMF) staff have reached an agreement on a set of policies to underpin a US$4.2 billion (435% of quota and SDR3.035 billion) arrangement under the IMF’s Extended Fund Facility (EFF). This arrangement, which is subject to IMF Executive Board approval, would provide support for the Ecuadorian government’s economic policies over the next three years.
Ecuador may use financing from the International Monetary Fund (IMF) to balance its budget, as the South American country seeks to reduce a swollen fiscal deficit and its international debt, the finance minister admitted on Friday.