$2.4 billion in Chinese loans tied to oil sales not likely to happen in 2020

Published on November 25, 2020
Ecuador’s President Lenin Moreno announced last week that it looked unlikely that the country would be able to meet China’s oil quota requirements for a $2.4 billion loan that had been expected by year’s end. Ecuador is looking for alternatives in case the negotiations to obtain two loans with the state bank of China are […]

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