Following violent protests over planned fuel price hike in Oct which govt was forced to withdraw, National Assembly 17 Nov rejected President Moreno’s proposed tax and monetary reforms, aimed at reducing fiscal deficit; International Monetary Fund 27 Nov backed amended version of tax and monetary reforms.
Ecuador has been Latin America’s most unstable democracy for a decade. Starting with the ousting of President Abdalá Bucaram by Congress and street protests in 1997, weak, temporary governments have been the rule.
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