Last week DFC announced that it signed a framework agreement with the government of Ecuador to refinance up to $3.5 billion of the country’s external debt to China. In exchange, according to reporting by the Financial Times, the Ecuadorian government will commit to exclude Chinese companies from its telecom networks.
CGD Policy Blogs
January 19, 2021
April 30, 2020
Let’s unpack our arguments for why a debt standstill would be the wrong move for IDA at this point in time.