Ecuador’s exporters caught between US and China after debt deal

Ecuador’s exporters caught between US and China after debt deal

The agreement, signed by the US International Development Finance Corporation (DFC) and the Ecuadorean government just days before Donald Trump left office in January, envisages the US buying oil and infrastructure assets in Ecuador on the understanding Quito uses the proceeds to pay off its debt to China.

Adam Boehler, the recently departed chief executive of DFC, has described the deal as a “novel model” to eject China from the Latin American nation.

Related:

In Search of Tomorrow

US development bank strikes deal to help Ecuador pay China loans

IMF agrees to lend Ecuador $6.5bn

🤔💭

After Years of Propaganda, American Views of Russia and China Hit Historic Lows

A new Gallup poll finds that U.S. public opinion on China and Russia has crashed to all time lows. Only 20% of Americans hold favorable views towards China. This is a remarkable decline, considering that only three years ago, the majority of the country saw the Asian giant in a positive light. The public image of Russia is barely any better, with just 22% of the country viewing the world’s largest nation in favorable terms and 77% holding unfavorable views towards the country.

After Years of Propaganda, American Views of Russia and China Hit Historic Lows