The protests that have engulfed Ecuador and nearly brought the country’s oil industry to a halt are triggered by economic policies imposed by the IMF, guided by none other than US foreign interests, an expert told Boom Bust.
“The IMF is heavily guided by the hand of [US] Department of State and Department of the Treasury. Basically, what the IMF does in Western hemisphere is US foreign policy,” Andres Arauz, former official of the Ecuadorian Central Bank, has told RT’s Boom Bust. The economist stated that while the IMF program endorsed by his country some time ago already significantly damaged Ecuadorian economy, the latest hikes in gas prices became the final drop and forced the people to mobilize.
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