Ecuador slashes fuel subsidies to narrow fiscal deficit

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Ecuador slashes fuel subsidies to narrow fiscal deficit
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Ecuadorean President Lenin Moreno said on Tuesday that his government will elimi...

FILE PHOTO: Ecuador's President Lenin Moreno Garces addresses the 74th session of the United Nations General Assembly at U.N. headquarters in New York City, New York, U.S., September 25, 2019. REUTERS/Eduardo Munoz/File Photo

The Andean nation, struggling under a sluggish economy and a heavy debt burden, is awaiting a new disbursement from the International Monetary Fund as part of a $4.2 billion financing agreement reached in February.

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