Ecuador to advise Tunisia on debt negotiations

Associated Press Modified: October 6, 2012 at 2:16 pm •  Published: October 6, 2012
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QUITO, Ecuador (AP) — Ecuador's President Rafael Correa says his country will advise the North African nation of Tunisia on possible renegotiation of its debts.

He says he will send a mission to explain what Ecuador did in 2009 when it renegotiated about $3 billion in debts after declaring many of them illegitimate. He made the comment during his weekly Saturday radio broadcast, saying the advice was requested by Tunisian President Moncef Marzouki.

Tunisia's economy has suffered since the nation launched the Arab Spring uprisings by ousting President Zine El Abidine Ben Ali in January 2011. Officials accuse Ben Ali of committing economic crimes during his dictatorial rule.