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Economy & Business - November 2025
ECUADOR: The silver lining in a month-long national strike
A month-long protest campaign by Ecuador’s umbrella indigenous organisation Confederación de Nacionalidades Indígenas del Ecuador (Conaie) from 22 September-22 October over diesel subsidy cuts caused US$300m in economic damages, resulted in three deaths, and paralysed parts of the country. And yet, it could have been much worse. Previous strikes against attempted fuel subsidy cuts in 2022 cost over US$1.1bn. Since 1997 protests backed by Conaie have forced three presidents out of office, the last of which was Lucio Gutiérrez (2003-2005). In 2019 and 2022, respectively, former presidents Lenin Moreno (2017-2021) and Guillermo Lasso (2021-2023) were forced to reintroduce fuel subsidies after violent protests.
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