Chinese loan for Ecuador reached $ 7.526 million

$ 7.526 million amounts the offered Chinese credit for Ecuador, this is the product of the visit made by the Ecuadorian government to Beijing. Of this, approximately $ 4,000 million could come this year.

This was confirmed on January 7 by the Ministry of Finance, after informing that Minister Fausto Herrera signed five conventions. One for $ 5.296 million, which is a concessional credit of Eximbank, earmarked for social, mobility, irrigation and infrastructure projects. Additionally, the same entity has committed $ 250 million for induction cookers.

Other $ 1,500 million will come from the China Development Bank (CDB) to fund the Annual Investment Plan of 2015, inaddition to other lower values.