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.

IMF agrees to lend Ecuador $6.5bn

🤔💭

US Media’s Sins of Omission in Ecuadorian Election Coverage

February 24, 2021February 24, 2021 Tina Marie (Ms. Cat)1 Comment

Transcript: US Media’s Sins of Omission in Ecuadorian Election Coverage

Ecuador’s Socialist Frontrunner Tries to Calm U.S. Investors

February 20, 2021February 20, 2021 Tina Marie (Ms. Cat)

Ecuador’s Socialist Frontrunner Tries to Calm U.S. Investors

At the meeting, Arauz reaffirmed his commitment to dollarization and to not restructuring the debt, Sierra said. The candidate also told investors that he planned to seek less onerous loan terms from the IMF, and said he would favor faster dispersions. He also said he would seek deals with bilateral lenders such as China, according to Sierra.