NEW YORK, Jan 20 (Reuters) - Ecuadorean bonds extended sharp losses on Wednesday after presidential candidate Andres Arauz told Reuters if elected, he will not comply with the conditions of a financing package negotiated last year with the International Monetary Fund. The 2030 bond dropped to 54.375 cents from over 56 before Arauz’s comments and nearly 58 at the close on Tuesday. Elections for a new president and legislature are planned for Feb. 7. (Reporting by Rodrigo Campos Editing by Chris Reese)