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Thursday, August 11, 2022

Ecuador: $500 million in damage due to indigenous strike

Quito ( Associated Press) – On the 14th day of an indigenous strike in Ecuador, damages to the productive sector – public and private – reached $500 million, while the country’s risk level has risen since the start of the protests, officials said. sunday.

Each day of stagnation represents a loss of 40 to 50 million dollars to the productive sector, Production Minister Julio Prado said at a news conference presenting an assessment of the most affected areas.

Regarding the country’s risk, Prado indicated that after an increase of 295 units, it is located “above the 1,055 mark”, which makes credit used internationally more expensive and “credit locally”. can affect”.

Due to mobilization promoted by the largest indigenous organization in the country, which has included road closures, seizure of facilities and violent incidents, state oil company PetroEcuador registered the closure of 1,094 wells and 31 towers, according to Prado.

He said 855,000 barrels per day of crude oil was not extracted in the state sector and 255,000 barrels in private companies. The losses for the sector amount to $96 million, however, “they are being regularized to date”, gradually, he said.

Crude oil is Ecuador’s main export product and the largest source of income from the fiscal box, with a contribution of about 30%.

In the commercial sector, economic losses reach up to 90 million dollars. The city of Quito, one of the “most affected”, reports a loss of $25 million a day due to a 60% drop in sales, while in the textile and footwear industries, sales fell 75% compared to their normal level Is. Minister

The dairy industry reported a loss of $13 million due to an 85% drop in sales, the floriculture sector of 30 million and the agriculture and livestock sector of $90 million, adding to the head of the production portfolio.

Prado said the cancellation reduced tourist reservations by 80% and caused $50 million in damages for the region.

Peace prevailed in Quito, the main meeting place for a national strike promoted by the Confederation of Indigenous Nationalities of Ecuador (CONAIE).

Leonidas Iza is expected to respond to the organization’s maximal leader regarding possible talks with the government, which he calls for compliance with the 10-point agenda.

On Sunday, Iza visited various congregation sites in their communities, before which she said that “we are here to score 10 points in response to our colleagues.”

Demands include a reduction in fuel costs, a ban on mining activities in protected areas, an extension of deadlines for repayment of loans from the agricultural sector, as well as the determination and respect of maintenance costs for agricultural products such as rice. ,

The leader confirmed that the paralysis would continue: “those of us who are in Quito will again take to the streets tomorrow with force, but in a peaceful manner”, calling for talks from the five powers of the state until receiving a response, He concluded.

Amid the political crisis, the focus is also on a decision to be adopted by the National Assembly when it resumes debate on the removal of President Guillermo Lasso due to serious internal uproar.

The legislature processes the request of the opposition Union for Hope (UNES), which requires the support of 92 assembly members to approve the measure outlined in Article 130 of the Constitution. Other parliamentary blocs such as the Democratic Left, the Social Christian Party and the official CREO bloc have publicly rejected the measure.

On Saturday, the president ended the state of emergency governing six provinces in the country as a sign of openness to dialogue and making room for peace, an official statement said.

Pachacutik’s coordinator Marlon Santi assured on the Equavisa channel that the “strike spirit” regarding the 10 proposals could not be reduced to the government’s discourse on “infiltration of urban guerrillas” so as not to add to the requests.

In the same place, Secretary of State Juan Carlos Holguín defended the progressive use of force to counter protests, citing legal precedents at the Inter-American Court of Human Rights, which indicate: “Demonstration that from their development Regime threatens the integrity of democracy. Their initial security must be further contained, even more so when there are groups of infiltrators who violate diplomatic areas and urban guerrillas disguised as indigenous people,” he assured.

In terms of paralysis, official figures show four deaths and hundreds of injured among protesters, police and the military.

On the other hand, Ecuador’s National Assembly temporarily suspended a session early on Sunday to debate a request to remove President Guillermo Lasso after 14 days of protests and an indigenous strike.

World Nation News Desk
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