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Bloomberg – China Bank Approves $2 Billion Loan to Finance Ecuador Budget

Date: Jun 28, 2011

China has become Ecuador’s biggest outside funding source since it defaulted on foreign debt in 2009:

Ecuador signed a $2 billion loan with China Development Bank Corp., its second in less than a year, as the Asian nation seeks to secure energy and commodities supplies to meet demand in the world’s second-biggest economy.

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