• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
CNE recognizes error in more than 6 million presidential ballots and says it will destroy them
Small and medium entrepreneurs of Guayaquil will be trained for business rounds
World food prices rose for the seventh consecutive month
More than 6 million presidential ballots will have to be reprinted due to an error in the logo of a political movement
Ecuador obtained $ 5.5 billion of income from exports in 2020
Ecuador, one of the nations most attacked by hackers
Why is inflation so low in Latin America and what does it say about the region’s economy
Femicide, a drama that involves more families in Ecuador
Second trial against former minister María de los Ángeles Duarte
An official resigns from the CNE stating that she was asked to sign documents to hire a supplier

Chinese debt cause discrepancies

Posted On 28 Mar 2016

 

Image: Expreso

Image: Expreso

China is the largest creditor of Ecuador. International organizations, national observatories and the Government differ, however, in the overall amount of the debt.

The international consulting firm The Dialogue has the highest figure. According to its calculations, which include oil presales and financing for specific works until last year, they account for a debt of 15,200 million dollars. Eximbank of China is the main lender for projects such as the Coca Codo Sinclair hydroelectric plant, which should have started operations in February, and the 2015 Annual Investment Plan.

The Dialogue, which features the participation of national experts as Ecuadorian former president Osvaldo Hurtado, emphasizes that 2015 was the year of highest procurement of works; 7,000 million, claims its latest study, were signed in that year.

According to the February report of the Undersecretariat of Public Finance, which does not include oil presales or funding for some projects, the total public debt amounted to 34,343 million dollars. Of this amount, 6,394.6 million relate to bilateral loans from China, 18.6% of the total.

Source: http://expreso.ec/economia/la-deuda-con-china-genera-discrepancias-IE204921

About the Author
  • google-share
Previous Story

Tax collection moves away from the government’s goals

Next Story

Public debt is based on three pillars

SEARCH

LATEST NEWS

CNE recognizes error in more than 6 million presidential ballots and says it will destroy them

Posted On 14 Jan 2021

Small and medium entrepreneurs of Guayaquil will be trained for business rounds

Posted On 14 Jan 2021

World food prices rose for the seventh consecutive month

Posted On 14 Jan 2021
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net