QUITO, Ecuador -- Creditor banks are ready to negotiate a debt rescheduling agreement with Ecuador after the new government takes office on Aug. 10, a Chase Manhattan Corp. spokesman said.

Riordan Roett, a Chase consultant, told the newspaper Hoy that an agreement could be signed in four to six months.

Ecuador has been seeking the accord for three years, during which it has paid 30% of interest due but no principal. The country's debt totals $12.3 billion, 80% to banks.

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