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FEIREP

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AcronymDefinition
FEIREPFondo de Estabilización, Inversión Social, y Reducción del Endeudamiento Publico (Spanish: Oil Stabilisation and Debt Reduction Fund)


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The transfer of FEIREP money from the payment of foreign debts to social spending was a central part of Correa's program, though critics said the national deficit was larger than the funds FEIREP would provide.
Changes to laws governing the FEIREP oil stabilization fund and the 'Fondo de Reservas' social security program have effectively reduced the pool of local financing available to the government.
The FEIREP has been an important source of financing for the government, particularly in light of its limited access to capital markets.
 
 
 
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