Ecuador's Moreno readies repeal of fuel subsidy cuts as protesters head home
Ecuadorean President Lenin Moreno said on Monday that he would repeal an IMF-backed decree that slashed fuel subsidies "in coming hours," confirming that he had given into a key demand of protesters who had spent nearly two weeks agitating against it.
Moreno added that a new decree would be issued to ensure that resources go to those who most need it, though he did not specify when. "We have opted for peace," Moreno said on Twitter.
