Ecuador wary of World Bank arbitration in Occidental case

He called the IADB -which has extended some $3 billion in long-term credit to Ecuador for social programs -an "important collaborator."

Correa took office in January 2007 promising to force foreign oil companies to share more of the oil they produce with the state and to cut ties with the World Bank and International Monetary Fund. Four months later he kicked the World Bank's local representative out of the country.