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Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Ecuador’s largest lender of last year was the IDB

Posted On 22 Jan 2016

 

Despite multi-million loans offered by China, the largest lender in the country in 2015 ended up being the Inter-American Development Bank (IDB). The country ended 2015 with a (domestic and foreign) debt of USD 32 752 billion $ 2,612 million more than at the end of 2014, primarily as a result of external debt, according to the Ministry of Finance.

The amount also represents 33.1% of Gross Domestic Product (GDP), without taking into account operations of oil pre-sales  that are not considered as debt.

As soon as 2015 started, and amid a drop in oil revenues, a large delegation headed by President Rafael Correa visited the Asian country to obtain financing in an economically difficult year. And while China offered disbursements for USD 4000 million for last year, a few of those resources came.

 

Source: http://www.elcomercio.com/actualidad/prestamista-ecuador-economia-pib-finanzas.html

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