Weekly Report - 28 October 2021 (WR-21-43)

ECUADOR: Lasso freezes fuel prices but fails to prevent protests

Ecuador’s President Guillermo Lasso offered a major concession to his opponents on 22 October, announcing a freeze in fuel prices in an effort to stave off mass demonstrations. He was unsuccessful, and anti-government protests were staged across Ecuador on 26 and 27 October. Lasso’s decision to back down on the issue of fuel prices reflects the extent to which his already limited political capital has been eroded by the scandal surrounding his past use of tax havens, which has triggered both a congressional inquiry and an investigation by the attorney general’s office.

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