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Ecuador repeals law ending fuel subsidies in deal to stop protests | |
(32 minutes later) | |
Ecuador's government has agreed to restore fuel subsidies in a deal with indigenous leaders to end mass protests that have brought the capital, Quito, to a standstill, the UN says. | Ecuador's government has agreed to restore fuel subsidies in a deal with indigenous leaders to end mass protests that have brought the capital, Quito, to a standstill, the UN says. |
It came after the two sides held talks brokered by the UN and the Roman Catholic Church. | It came after the two sides held talks brokered by the UN and the Roman Catholic Church. |
The talks, which were broadcast live on state television, came after nearly two weeks of violent demonstrations. | The talks, which were broadcast live on state television, came after nearly two weeks of violent demonstrations. |
President Lenín Moreno had imposed a curfew enforced by the military. | President Lenín Moreno had imposed a curfew enforced by the military. |
The announcement after Sunday's meeting sparked late night celebrations among protesters on the streets of the capital. | |
A joint statement said the government had withdrawn an order removing the fuel subsidies. | |
"With this agreement, the mobilisations... across Ecuador are terminated and we commit ourselves to restoring peace in the country," it said. | "With this agreement, the mobilisations... across Ecuador are terminated and we commit ourselves to restoring peace in the country," it said. |
The two sides will now discuss a new law to ensure subsidies are not exploited by people who smuggle fuel to neighbouring countries. | |
The protests began after the government announced an end to fuel subsidies as part of public spending cuts agreed with the International Monetary Fund (IMF) in return for a loan. | The protests began after the government announced an end to fuel subsidies as part of public spending cuts agreed with the International Monetary Fund (IMF) in return for a loan. |
Mr Moreno has said the subsidies, introduced in the 1970s at an annual cost of $1.3bn, were no longer affordable. Eliminating them was part of his plan to shore up Ecuador's flagging economy. | Mr Moreno has said the subsidies, introduced in the 1970s at an annual cost of $1.3bn, were no longer affordable. Eliminating them was part of his plan to shore up Ecuador's flagging economy. |