
On the Ecuador-China Debt Deal: Q&A with Augusto de la Torre
Augusto de la Torre analyzes the Ecuador-China agreement to restructure $4.4 billion of Ecuador’s debt with Chinese banks.
Augusto de la Torre analyzes the Ecuador-China agreement to restructure $4.4 billion of Ecuador’s debt with Chinese banks.
Again this year, China’s policy banks—China Development Bank (CDB) and the Export-Import Bank of China (Eximbank)—issued no new finance to Latin American and Caribbean (LAC) governments or state-run companies, according to findings from the Inter-American Dialogue’s Asia and Latin America Program and the Boston University Global Development Policy Center (GDP).
China Development Bank and the Export-Import Bank of China issued no new finance to Latin American and Caribbean governments or state-run companies in 2020.
Future Chinese engagement with Latin America will be carefully justified on the basis of economic and/or political return on investment.