Ecuador's Debt Audit: Implications in Global Economic Crisis

[imcontraire]

What's the status of Ecuador's debt in relation to using the US dollar today-May, 2011? Anyone...

[yogagye]

@imcontraire Don't really understand your question, but the Inter-American Dialogue just published a few days ago: "China’s surrogate sovereign lending has helped Ecuador heal after its default. Chinese loans have covered its budget shortfall. Only two years after the default, Ecuador has largely regained investor confidence. Government bonds are performing better than any others in Latin America."...

[yogagye]

@imcontraire ..."As a result, government investment is driving record economic growth (Gill 2011). By taking the place of shell-shocked sovereign lenders, China has given Ecuador a second chance to rebuild investor confidence." Taken from "The New Banks in Town: Chinese Finance in Latin America" by Inter-American Dialogue - February 2012