BRASILIA, Brazil (AP) -- Brazil's foreign minister says Ecuador could lose Brazilian financing for infrastructure projects because it is contesting payment of a loan for a hydroelectric dam.
Foreign Minister Celso Amorim tells lawmakers that Ecuador "shot itself in the foot" with its action, which also involved expelling executives of the Brazilian company that built the dam.
Ecuador has challenged the $246.9 million loan from Brazil's National Development Bank, alleging the dam builder did shoddy work.
Amorim said Tuesday that Brazil is among the few sources of loans left for Ecuador because of the global credit crunch. He says one project at risk is a land-and-river trade route linking Brazil's Amazon rain forest to Ecuador's Pacific coast.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.