Economy
Venezuela and Bolivia will review their foreign debts as Ecuador did under the administration of President Rafael Correa, said on Wednesday Venezuelan President Hugo Chávez.
 
Ecuador plans to file at a court the case on the "spurious" debt by December 15th, as reported on Wednesday by Ricardo Patiño, the Ecuadorian Minister of Politics and chair of the commission that conducted the audit.

The senior official said in Caracas, in the context of the Third Summit of the Bolivarian Alternative of the Peoples of Our America (Alba), it is possible that Ecuador will not pay the next payable coupon and will not call investors for the purposes of renegotiation, Reuters reported.

For his part, Chávez has tried to bolster hemispheric funding facilities and usually blasts multilateral lending organizations.

"Why should we be parties to the International Monetary Fund? We have money out there; by recovering it, we could reinforce our funds," he said.