End of preview - This article contains approximately 1355 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Economy & Business - October 2025
ECUADOR: Protests follow withdrawal of diesel subsidy
Recent weeks have seen violent clashes in Ecuador between protesters and law enforcement, following the cancellation of diesel subsidies by an executive decree issued on 12 September. As a result of the subsidy’s cancellation, local media reported that the price of a gallon of diesel rose from US$1.80 to US$2.80 – an increase of 55%. Protestors have expressed concern that price increases will disproportionately affect the poor, who have been cushioned from fuel price volatility since subsidies were first introduced in 1974. However, President Daniel Noboa’s government argues that the measure is necessary to balance the public accounts and cut spending it views as unsustainable. The finance ministry expects ending the subsidy to generate savings of US$1.1bn per year, which it intends to use to fund social programmes and to compensate farmers and transport workers who are most impacted by rising diesel prices.
- Guyana’s re-elected Irfaan Ali sets out five-year plan
- ECUADOR: Protests follow withdrawal of diesel subsidy
- COLOMBIA: Congress trims budget in rare agreement with government
- ECONOMIC HIGHLIGHTS
- ARGENTINA: Trump throws Milei lifeline that could prove too short
- BRAZIL: A tunnel that links cities and political rivals
- BRAZIL: Creating a second meat and food giant
- CHILE: Storm in a teacup over Boric’s economic legacy
- ECONOMIC HIGHLIGHTS
- PANAMA: Canal officials begin search for gas pipeline investment
- GUATEMALA: IMF hails economic resilience but urges more poverty reduction efforts
- ECONOMIC HIGHLIGHTS
- MEXICO: Gov’t support enables Pemex debt upgrades
- MEXICO: Budget proposal big on social spending, light on fiscal consolidation
- MEXICO: Higher tax on sugary drinks aims to reduce health impacts
- ECONOMIC HIGHLIGHTS