After being elected in 2017, President Lenin Moreno's government adopted economically liberal policies: reduction of public spending, trade liberalization, flexibility of the labour code, etc. He also left the left-wing Bolivarian Alliance for the Americas (Alba) in August 2018. The Productive Development Act enshrines an austerity policy, and reduces the development and redistribution policies of the previous mandate. In the area of taxes, the authorities aim to "encourage the return of investors" by granting amnesty to fraudsters and proposing measures to reduce tax rates for large companies. In addition, the government waives the right to tax increases in raw material prices and foreign exchange repatriations. In October 2018, the government of President Lenin Moreno cut diplomatic relations with the Maduro administration of Venezuela, a close ally of Rafael Correa. The relations with the United States improved significantly during the presidency of Lenin Moreno. In February 2020, his visit to Washington was the first meeting between an Ecuadorian and U.S. president in 17 years. In June 2019, Ecuador had agreed to allow US military planes to operate from an airport on the Galapagos Islands.