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.

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In Search of Tomorrow

US development bank strikes deal to help Ecuador pay China loans

IMF agrees to lend Ecuador $6.5bn

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African governments are crushing opposition using Israeli spyware

By Suraya Dadoo | MEMO | February 24, 2021

As internet penetration and smartphone usage increases across Africa, digital spaces have become increasingly important for organising political uprisings and opposition movements. In response, several of the continent’s regimes have shut down the internet or blocked social media apps. To sidestep the economic costs and global criticism that these online shutdowns incur, governments have turned to digital surveillance technology as a shrewder way to crush all opposition.

African governments are crushing opposition using Israeli spyware

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

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.

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Open Letter From 40+ Economists Regarding Ecuador and the Dollar

Modi’s Farm Produce Act Was Authored Thirty Years Ago, in Washington D.C.

The kisan agitation at the gates of Fortress Delhi has forced even the corporate media to take note of the corporate drive to capture control of the remaining non-corporate sectors of the country’s economy, including its agriculture; the phrase “Ambani-Adani” is now a popular term for this process.

Modi’s Farm Produce Act Was Authored Thirty Years Ago, in Washington D.C.

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Viral Inequality: From Jeff Bezos to the struggle of Indian Farmers

The War on Cuba and Venezuela

The War on Cuba and Venezuela

But not only did the Cuban people benefit from subsidized or no-cost Venezuelan oil; the Venezuelan working class did too, from the Cuban health, culture and literacy missions, such as Barrio Adentro and Misión Robinson, now common throughout the country. Under Chavez’s PDVSA, which since 1986 has owned a majority share of U.S. oil refiner and distributor CITGO, the U.S. poor and people of color also benefited from Venezuelan oil, as Joe Kennedy’s Citizens Energy Corporation worked with Chavez to deliver free heating fuel to homeless shelters, low-income communities of colors and Native American reservations.

YouTube: The War on Cuba – Episode 1