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BREAKING NEWS
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

Ministry of Finances will go to China for a new loan

Posted On 23 Mar 2017

A new loan of 1000 million dollars is being negotiated with China, to reconstruct coastal sectors that were affected by the earthquake, on April 16th 2016, informed yesterday President Rafael Correa.

During his visit to Quito this last November, the Chinese mandatary Xi Jinping, “offered a credit for 1000 million dollars, 3000 million yuan, with a 20 year term, with an interest rate of 2%”, said Correa in a radial interview.

He added that they “are negotiating” the credit. That will be used for reconstruction matters after the 7,8 earthquake, that on April 16th destroyed touristic zones from Manabi and Esmeraldas, and left 673 deaths and losses of more than 3000 million dollars.

In the following days, “a (Ministry) Finance team will go to sign the credit”, said the leader of the country.

 

 

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