Ecuador defaults on critical debt owed to Perenco

Andean nation lost arbitration case and was supposed to have made a $391 million payment

Missed payment: the Ecuadorian flag at the presidential palace
Missed payment: the Ecuadorian flag at the presidential palacePhoto: REUTERS/SCANPIX
Published 28 July 2021, 17:59Updated 29 July 2021, 08:30