Dow Jones - Ecuador confirms China talks for $1 billion loan – The Amazon Post

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Dow Jones – Ecuador confirms China talks for $1 billion loan

Date: Jul 14, 2010

Dow Jones reports that, having soured relationships with many oversees investors, Ecuador is turning to China for a loan, to be repaid with oil:

Ecuador’s Non-renewable Natural Resources Minister Wilson Pastor said Tuesday that Ecuador is negotiating a loan with China, which could be repaid with oil.

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