Amazon Watch an earlier court's dismissal on the basis of "forum non conveniens." Thus, legal proceedings were started in Ecuador in 2003. Amazon Watch supports the Ecuadorian plaintiffs by publishing a press kit alleging that Chevron (corporate successor to Texaco) should be held accountable for the dumping of of toxic waste water into a region of Ecuador's Amazon rainforest inhabited by more than 30,000 people – purported to be one of the largest oil related contaminations ever, far exceeding that of the Exxon Valdez disaster. A 2011 decision in Ecuador ordered Chevron to pay $9.5 billion. Ecuador's Supreme Court in 2013 affirmed
Economic history of Ecuador rapidly worsening economy as he assumed office on August 10, 1988; within a month he announced a national economic austerity program that included a sharp devaluation of the sucre, tax increases, new import restrictions, a reduction in public-sector spending, a 100-percent increase in fuel prices, and a 40-percent boost in electricity rates for private households. Borja also opened new negotiations with foreign creditors to whom Ecuador was in arrears for almost US$1 billion. The president, however, refused to lift the suspension of foreign debt payments, imposed by Febres Cordero in 1988, until April 1989. Borja's austerity policies and the resulting