RT America

How IMF sabotages economies with debt (Ecuador breaking)

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Throughout Latin America, the International Monetary Fund (IMF) is notorious for keeping countries in perpetual debt. Its deal with Ecuador’s government has resulted in massive, violent anti-austerity protests in the capital city of Quito. RT’s Nicholas Sanchez O’Donovan reports from the scene. Then Andres Arauz, former Ecuadorean Central Bank official weighs in on the protests. He argues that Ecuadorean President Lenin Moreno has “sold out completely to foreign capital.”

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