QUITO — Ecuador’s comptroller’s office on Monday announced it will open an audit of debt contracted in the last five years of the government of former President Rafael Correa to determine the legality of the operations and the use of the funds.
The move follows a report by the comptroller’s office revealing that some documentation relating to debt operations had been declared secret and that official reports on public debt had excluded some of the operations.
President Lenin Moreno, a former Correa protege, since his election last year been has criticized the ex-president’s handling of the economy and is seeking to unwind some Correa-era reforms. Correa says such efforts constitute a “coup” by Moreno.
A team of economists, lawyers and businessmen will analyze debt operations carried out between January 2012 and May 2017 and will present recommendations in April. …