Ecuador signed off on Monday on a credit line for $2 billion from the China Development Bank (CDB) to finance public investment, the Finance Ministry in the quake-hit Andean country said in a statement, according to Reuters.
The first tranche, of up to $1.5 billion, will be disbursed in the coming weeks, as reported by Reuters.
In parallel, state-run oil company Petroecuador reached a future oil sales deal with Petrochina ”at market price,” the ministry added.
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