FEIREPFondo de Estabilización, Inversión Social, y Reducción del Endeudamiento Publico (Spanish: Oil Stabilisation and Debt Reduction Fund)
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Correa went on to denounce the FEIREP for starving the country of funds for social programs and for enriching bondholders by boosting the market price of Ecuador's debt.
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.