Ecuadorian minister of Economy, Ricardo Patiņo, has informed that the audit commission that it will analyse the Ecuadorian debt with economic technicians from Ecuador, England, Germany, Belgium, Italy and Peru, among others.

It has been a successful period for the Ecuadorian economy.

Patiņo declared that in the first six months of 2006, Ecuador had paid $2.1 million of their overall state debt. "It is the result of an intelligent handling of the finances giving priority to the social and productive sector," he said.

"In the productive sector", he pointed out, "the investment of the first semester of 2006 was of 122 million dollars in front of the 349 millions of dollars of that lapse of this year."

"By 2010 we will arrive with 12% of debt service, what means that, of each 100 dollars that we have in the State budget 12 dollars will be used to pay off the debt",