Deal Struck in Ecuador to Cancel Austerity Package and End Protests

Under the agreement, Mr. Moreno pledged to withdraw from an International Monetary Fund-backed program, known as Decree 883

...elimination of the popular subsidies was a keystone of the broad austerity plan required by the IMF in order to extend Ecuador a credit line. 

The government of Ecuador and Indigenous leaders struck a deal late Sunday to cancel an economic austerity package that had ignited 11 days of protests that paralyzed the country and left at least seven people dead and more than 1,000 injured.