Assembly rejects Moreno’s economic reforms

Several of these reforms were questioned by the Indigenous movement and other social organizations.

The National Assembly rejected a package of tax and monetary reforms presented by President Lenin Moreno, in a new attempt to obtain fresh resources and reduce the fiscal deficit.

“With 70 affirmative votes, the National Assembly has decided to deny and file the economic growth bill,” the legislature tweeted.

“They shelved this looting law. Congratulations to the Citizen Revolution’s bloc that led the opposition to this nefarious law; to so many citizen initiatives; and to anonymous patriots, such as the Dollarization Observatory. As long as this nefarious government continues, we still have not won anything,” former President Rafael Correa said.

Con 70 votos archivada y negada la mal llamada #LeyCrecimientoEconomico.

La presión social logró primero la derogatoria del decreto 883 y hoy otra imposición del #FMI que atentaban los derechos del pueblo y era nefasta para el país, es negada.

¡viva la lucha del pueblo unido! pic.twitter.com/4xW9nAXVnu

— CONAIE (@CONAIE_Ecuador) November 17, 2019

‘With 70 votes, we filed and denied the misnamed Economic Growth Law.
Social pressure first achieved the repeal of decree 883 and today another IMF imposition that violate people’s rights and was harmful to the country is denied.
Long live the victory of the united people!’

The reforms were suggested by President Lenin Moreno after a banking agreement that the government sealed in February with the International Monetary Fund for US$4.2 billion dollars.

Source: teleSUR, Reuters.