Inter Press Service – Big China bucks drive Ecuador
Date: Aug 8, 2011
News about China’s increasing role in Ecuador:
Ecuador sees the loans it has agreed with China as “good news” because they are long term, and all that is required in return is “oil, and not the horrendous adjustments imposed by the IMF [International Monetary Fund],” left-wing Ecuadorian President Rafael Correa told analysts critical of the size and high interest rates of the loans.
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