ECUADOR PAYS HEAVY PRICE FOR STRIKES
Moss, Nicholas
ECUADOR PAYS HEAVY PRICE FOR STRIKES
Ecuador's recent round of strikes may be over but there remains a heavy price to pay. President Jamil Mahuad's climbdown over fuel price increases to end two weeks of stoppages may cost more than 140m a year in lost revenue. The president's prestige has been weakened, just as he has to pilot through austerity measures to satisfy the International Monetary Fund. Rising prices for exported crude oil may make up for some 50m of lost revenue, but that still leaves a gaping hole in the finances.
HUELGAS INGRESOS FISCALES COMBUSTIBLES FMI ECUADOR PRECIOS DEL PETROLEO
INGRESOS FISCALES - ECUADOR
FMI
11
3ext137
EC
ECUADOR PAYS HEAVY PRICE FOR STRIKES
Ecuador's recent round of strikes may be over but there remains a heavy price to pay. President Jamil Mahuad's climbdown over fuel price increases to end two weeks of stoppages may cost more than 140m a year in lost revenue. The president's prestige has been weakened, just as he has to pilot through austerity measures to satisfy the International Monetary Fund. Rising prices for exported crude oil may make up for some 50m of lost revenue, but that still leaves a gaping hole in the finances.
HUELGAS INGRESOS FISCALES COMBUSTIBLES FMI ECUADOR PRECIOS DEL PETROLEO
INGRESOS FISCALES - ECUADOR
FMI
11
3ext137
EC