Rafael Correa2005
Sceptical of a free-trade deal with the United States, does not take advice from the International Monetary Fund, and works to increase Ecuadors cooperation with other Latin American countries
Ecuador · Government / Government of Ecuador. Chronological records rendered directly from the World History Database.
Sceptical of a free-trade deal with the United States, does not take advice from the International Monetary Fund, and works to increase Ecuadors cooperation with other Latin American countries
Serves as economy and finance minister under Alfredo Palacio, during his four months in office, advocates poverty reduction and economic sovereignty
Declares Ecuadors national debt illegitimate, based on the argument that it was contracted by corrupt and despotic prior regimes. Announces that Ecuadoor will default on over $3 billion worth of bonds; then pledges to fight creditors in international courts and succeedws in reducing the price of outstanding bonds by more than 60%
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