Tags
Chinese Corruption in South America, Chinese Debt Burden, Ecuador, IMF and Ecuador, political corruption
An authentic Left / Far Left in Central and South America would place the highest emphasis on integrity in governance and work to produce the planning and engineering that would best fulfill the ideals contained in and signaled by the term “appropriate and sustainable development”. And there would be no need for IMF consideration and related examination. Instead, the “socialists” appear to invariably pursue criminal schemes.
President Lenín Moreno ordered the army on to the streets of Ecuador’s capital Quito after a week and a half of protests over fuel prices devolved into violent incidents, with masked protesters attacking a television station, newspaper and the national auditor’s office.
Moreno said the military enforced curfew would begin at 3pm local time in response to violence in areas previously untouched by the protests. Masked protesters broke into the national auditor’s office and set it ablaze, sending black smoke billowing across the central Quito park and cultural complex that have been the epicentre of the protests.
https://www.theguardian.com/world/2019/oct/13/army-deployed-in-ecuador-as-protests-descend-into-violence
October 2, 2019
The reforms announced yesterday by President Lenin Moreno aim to improve the resilience and sustainability of Ecuador’s economy and foster strong, and inclusive growth. The announcement included important measures to protect the poor and most vulnerable, as well as to generate jobs in a more competitive economy.
https://www.imf.org/en/News/Articles/2019/10/02/pr19362-ecuador-imf-statement-on-ecuador
Socialist Ecuador borrowed far beyond its means for years, predictably arriving at the doorstep of the IMF to address its debt situation. Just as predictably, the government and IMF took aim at cause — petrol subsidies — without the informational or structural preparation of the state. And whaddayaknow — calls for revolutionary action spilling into violence in the streets.
Mix in nominal “Communism”, the political cover for some of the most labor exploiting, imperialist, and wealthiest elites on earth.
Reporting from Quito, Ecuador, LAT, 2018 —
Rafael Correa wanted to fast-track development projects when he was president of Ecuador, so he borrowed billions of dollars from China. But the loans have come back to haunt his successor, Lenin Moreno, who will go hat in hand to China this month to seek more flexible terms and breathing space.
A onetime ally and now bitter enemy of Correa, Moreno and his government are straining under a huge budget deficit caused partly by obligations to the Chinese, whose loans financed roads, dams, schools and office buildings during Correa’s time in office from 2007 to 2017.
https://www.latimes.com/world/la-fg-ecuador-loans-china-20181210-story.html
Read the rest of the LAT piece — no bid contracts; corrupt construction practices; an authentically pricey dam project now operating at half its capacity for the discovery of crack following the execution of the work:
The report also said the Chinese contractor ignored a stipulation of the construction contract, that the dam be built according to rigid standards set by the American Society Of Mechanical Engineers. “The Chinese used bad-quality steel and fired inspectors who said to change it, “ said ex-minister Santos.
https://www.latimes.com/world/la-fg-ecuador-loans-china-20181210-story.html
And yet Ecuador’s Left will characterize its current and responsible leadership as “imperialist and fascist” while the true imperialist fascists — the Chinese government and its industrial sector — get away with murderous theft, promising much, delivering much less, and provoking Ecuador’s poor — whom the Left claims to defend! — into greater desperation and the kind of actions that come of deeply misdirected anger, perceived political impotence, and true theft — socialist theft — from the People.
The net is tightening around former Ecuador president Rafael Correa after a new order for his arrest, underscoring the country’s determination to bring the once-popular leader to justice, along with his closest political allies.
https://www.insightcrime.org/news/analysis/rafael-correa-absence-ecuador-closest-allies/ – 9/29/2019
An authentic Left / Far Left in Central and South America would place the highest emphasis on integrity in governance and work to produce the planning and engineering that would best fulfill the ideals contained in and signaled by the term “appropriate and sustainable development”. And there would be no need for IMF consideration and related examination. Instead, the “socialists” appear to invariably pursue criminal schemes.
From the same InSight Crime article cited: “This time, Ecuador’s Attorney General Diana Salazar has accused the former president of being behind a bribery scheme, which she described as a “well-structured criminal organization that received payments from government contractors,” according to a report by Ecuavisa.”
Ecuador’s latest request to add former president Rafael Correa to the INTERPOL roster of wanted criminals seems predictable too in light of the character of political life in the now debt-burdened and protest and violence-ridden state.
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