raising prices. The Febres-Cordero government (1984-1988) exacerbated the economic crisis. With the lowest oil price ever recorded in 1986. His economic team was made up of three economists fully identified with the business sector: Carlos Julio Emanuel, Francisco Swett and Alberto Dahik. They devalued the Sucre, promoting agricultural exports and favoring economic groups. At the same time, they eliminated price controls and reduced the gasoline subsidy, increasing the price of gasoline by 70 percent. The impact of the crisis on the popular sectors increased unemployment and the inflation and reduced consumption. The crisis was felt particularly in the poor sectors of the cities with an average fall in real urban income of 8.7 percent per year from 1981 to 1989, the most large among Latin American countries. Conformation AVC was formed mainly by middle-class students with an urban guerrilla focus. It formed part of other revolutionary organizations such as the Movimiento de Izquierda Revolucionaria (MIR). The MIR had student leaders, such as: Fausto Basantes and Ricardo Merino of the Mejía National Institute of Quito Arturo Jarrin. and Hamet Vásconez from La Salle College of Quito (currently La Salle-Conocoto) Juan Cuvi and Juan Carlos Acosta from American College of Quito Edgar Frías from the José Joaquín de Olmedo School, in Guayaquil. There were also alumni from the Colegio Nacional Juan Pío Montúfar, Benalcázar and Cardenal Spellman schools in Quito. Arturo Jarrín entered the Central University of Ecuador in Quito, to study sociology, leaving it during his fourth year, after participating in popular organization activities in the Ciudadela Ferroviaria de Quito, he joined AVC, becoming the leader of the organization being elected at The First AVC National Conference held in Esmeraldas in February 1983, attended by around 60 guerrillas. In it, the Central Command formed by three people, including Jarrín. Prior to this, in January Jarrín and other guerrillas assaulted the Banco de Fomento. AVC called all bank robberies "financial recoveries," which were the organization's primary means of financial support. Assaults The following is a partial list of armed robberies of banking institutions carried out by AVC members with the respective amounts stolen. The amounts in US dollars are approximate with the price of the year in which they occurred. History The group was initially formed some time in the 1970s but was not militarily active for the first several years of its existence. An avowedly leftist but non-Marxist organisation, they identified