Confederation of Indigenous Nationalities of Ecuador in South America (for example Plan Colombia). In 2013 CONAIE became more involved in discussions with other indigenous organizations involving land rights and environmental sustainability due to deals made by the government with large multinational oil companies. These deals primarily concern the Amazon basin, and would take over much of the indigenous land that is currently inhabited. There has been much debate for many years between the governments, the indigenous peoples, and the oil companies. Chevron (formerly Texaco) is a major oil company which has had a presence in Ecuador; recently Chevron has come into many Ecuadorian headlines regarding drilling
Economic history of Ecuador To help make up for the oil revenue shortfall, a consortium of international banks loaned Ecuador an additional US$220 million, bringing public-sector external debt at the end of 1987 to about US$9.6 billion, one of the world's highest on a per-capita basis. (Ecuador's GDP for 1987 was US$10.6 billion.) During Febres Cordero's last two years in office, his economic team concentrated on implementing monetary reforms, renegotiating the external debt, and encouraging foreign investment. Its efforts were only partially successful. The government failed to hold wages down, and, despite efforts to curtail government spending, public-sector expenditures increased dramatically in 1987 and