Ecuador Reaches Deal With China to Restructure Debt
Ecuadorian President Guillermo Lasso says restructuring $4.4 billion of outstanding debt will save the country $1 billion from 2022 to 2025
NEW YORK—Ecuadorian President Guillermo Lasso said Monday that his country had reached a deal to restructure $4.4 billion of outstanding debt with China, in a deal that will save the Ecuador $1 billion from 2022 to 2025.
“This is a great development for Ecuador,” President Lasso told The Wall Street Journal.
The president was in New York for meetings during the United Nations General Assembly.