IMF austerity is strangling Ecuador — again
Author In October 2019, the people of Ecuador rose up against the International Monetary Fund and the austerity demands attached to a $4.2 billion loan to the government of LenÃn Moreno. Marching through the streets of Quito, demonstrators called to end the brutal cuts imposed as conditions of IMF support. âWhat the government has done is reward the big banks, the capitalists, and punish poor Ecuadorians,â a trade unionist told Al Jazeera. âOut with the IMF!â said another. The IMF, however, has stayed. Following a year of deadly unrest, the IMF and the Ecuadorian aut...
Source: roarmag.org