Ecuador Will Pay Debt, Seeks Cheaper Options

Ecuador Will Pay Debt, Seeks Cheaper Options

Andean

Ecuador is looking to restructure its debt to cut interest payments, President Rafael Correa said during an appearance at the Council of the Americas in New York. In the meantime, he reiterated plans to meet 2007 and 2008 payments, and continue to pay as long as the country is able. "We need to find cheaper funds," says Correa, adding that Ecuador is studying ways to do this. He says options included buying back more expensive debt and selling bonds to regional lenders or other governments like

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