Spain and Ecuador sign a debt swap to invest in health and education
Posted On 28 Jun 2017
Tuesday, the governments of Ecuador and Spain agreed on a debt swap for six million dollars to enable the South American country to finance health and education projects.
This initiative implies that Spain waives the collection of the debt the South American country maintains so that Ecuador can invest in the rehabilitation of 52 primary health care centers in the provinces of Manabí and Esmeraldas, severely damaged after the 7,8 M earthquake occurred in April 2016. Another project would entail the equipment of laboratories of two technical institutes, one in the center of the country and another in the south. (I)