(December 12, 2008) After months of threats, the government of Ecuador has made good on its promise to forego payment of foreign loans deemed illegitimate by the country’s debt audit commission.

(February 7, 2007) Ecuador’s Economy Minister Ricardo Patino said late last month that his country had set up a commission to audit Ecuador’s US$10.3 billion external debt, and that Ecuador would not pay foreign debt that the commission declared "illegitimate."