Tuesday, June 28, 2011

China, Ecuador Sign $2 Billion Loan Deal

China, Ecuador Sign $2 Billion Loan Deal
Wall Street Journal (Online)
27 June 2011
By Alvaro, Mercedes.

QUITO--Ecuador's government on Monday signed a loan agreement for $2
billion with China Development Bank Corp., the Finance Ministry said, as
China deepens its financial ties with the South American nation and the
region.

The loan was signed in Beijing by Ecuador's undersecretary of Public
Credit, William Vasconez, said the ministry in a press release, but it
didn't provide any detail.

Two weeks ago, Finance Ministry Patricio Rivera said that the loan will
be for eight years, with an interest rate of 6.9%, and a two- or
three-year grace period.

China has become the biggest source of financing for the Andean country,
after it defaulted on $3.2 billion of government bonds in 2008,
effectively losing access to overseas capital markets.

The new credit reinforces the Asian giant's growing role as Ecuador's
leading lender, and Ecuador's increasing dependence on Chinese
financing. Ecuador has also opened the door for China to invest in its
considerable oil and mineral resources, with China becoming the largest
foreign investor in the resource-rich South American nation.

At the same time, the leftist administration of President Rafael Correa
has turned its back on the Washington-based International Monetary Fund
and World Bank. Financing from other multilateral lenders such as the
Andean Development Corporation and the Inter-American Development Bank
usually is tied to specific projects.

In February, Ecuador received a $1 billion prepayment from China's
state-owned PetroChina Co. after both agreed to renew an agreement on
the supply of Ecuadorean crude oil for two years, starting in August.

In July 2009, state-run Petroecuador and PetroChina signed a similar
agreement for Petroecuador to sell Oriente and Napo crude to PetroChina.
In August of that year, the Andean country received an advance payment
of $1 billion, at an interest rate of 7.25%.

Last year, Ecuador's government signed a loan agreement for $1 billion
with the China Development Bank with a fixed interest rate of 6% per
year for a four-year term and an additional six-month grace period.
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40 comments:

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  13. My name is Mrs. Katherine Walker a citizen of USA. I was scammed by 13 different International Loan Lender on the internet, all promise to give me a loan where lies/deceit after making me pay several fees without no positive result/outcome. I lost my hard earn money and even funds that was borrowed from friends, relatives and family members a total of $23350. I told my story to a family firend and she testify that she got a loan online from a lender here in the USA, eventually I got linked to a genuine loan company called David Herley Finance Home where she got her loan from, so i decided to apply from the same loan company and I filled the loan application form and proceeded with all that was requested of me and here I am today happy because DAVID HERLEY FINANCE HOME HERE IN THE USA HAS APPROVED AND GIVEN ME A LOAN OF $68,900 so I made a vow to Myself and God that I will keep sharing my testimony on the internet on how I got my loan.

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  14. Dear Sir/Madam,
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    ReplyDelete
  15. i needed to get a good car since my place of work is far from where i leave , i told my husband about my plans to get a loan so that i can get a good car of my choice but my husband instructed and advise that i shouldn't apply for a loan online because almost all loan lenders online are scammers so i had to wait for an extra 2 months but the stress was so much on me because this time around i was always getting late to work and my job was almost on the line and all effort to get a loan from my bank inst working through because i have a bad credit so with all this issues i had to get my mind crossed by applying for a loan online although i wont say that i was so smart for not been scammed but i strongly believe that it was the lords doing for directing me to this loan company owned by a woman like me . the name of the loan company is QUEENETH STARK LOAN COMPANY . i got my loan easily and quick contrary to what i was earlier told by my husband . I am now a proud owner of an SUV 2014 model car by virtue of the QUEENETH STARK LOAN COMPANY . i dont really know if you are seriously in need too but just incase you can reach them via mrsqueenethstarkloanagency@admin.in.th and also you can reach me on my personal email address which is leahrays12345@gmail.com

    LEAH RAYS

    ReplyDelete
  16. Hi ,

    My name is Ahana Enaney from ireland.

    If getting a legit loan online was that easy as stated in all this frabicated loan testimonies that i have been reading through online , then why were my husband and I turned down for a loan online twice after been scammed of about $16,000 United State Dollars ? We the loan seekers are the common regular victims of this fake loan stories simply because we are in dire needs we believe in their stories out of despiration to get a loan, but at the end of it all we find out that we have gained nothing but rather loosed the little we have into the hands of this online scammers who claim to be real lenders .the lenders told us to pay some few amount for insurance because they said that we were high risk!! How is that? I still don't understand how!! how can a lender be requesting several fees from a borrower ? if that borrower was having money would he or she have come along to ask for a loan ?? those lenders decieved my husband and i of getting a loan and we thought it was all real because we never believed that there was anytime as an online loan scam and they had all pay all we had to them and due to the way things were moving we had to close out our buisness over here in ireland as we could not meet up with the customers needs any longer because we sold all most every single goods we had and we could not replace them as we thought that we could do so if we get our requested loan amount ... yes !! we were scammed by two different lenders online ! a customer who was also a closed friend to the family saw the way things were so bad and decided to introduce us to a loan company but we refused any further loan offer because we had conluded that all of them were scams but he insisted as he opened up of getting a loan from them but we believed him at a spot after he opened up because we knew himfrom the onset to be a man of unquestionable character who was always known for his words and we applied with this company that he called THE WINONA MILLARAY LOAN FOUNDATION but prior to our application with this email address : winonamillarayloanfoundation@linuxmail.org , that he provided to us we quickly lookup this loan company in google so that we could be sure that they were legit .. yes !! it was to my own satisfaction and i applied but God was so kind that he lead us through and we got our loan .. Oh well, I'm just glad that we got our loan without been scammed or any stress .
    Ahana Enaney from ireland and you can reach me on my official email address ahanaenaney@gmail.com.

    ReplyDelete
  17. Hi ,

    My name is Ahana Enaney from ireland.

    If getting a legit loan online was that easy as stated in all this frabicated loan testimonies that i have been reading through online , then why were my husband and I turned down for a loan online twice after been scammed of about $16,000 United State Dollars ? We the loan seekers are the common regular victims of this fake loan stories simply because we are in dire needs we believe in their stories out of despiration to get a loan, but at the end of it all we find out that we have gained nothing but rather loosed the little we have into the hands of this online scammers who claim to be real lenders .the lenders told us to pay some few amount for insurance because they said that we were high risk!! How is that? I still don't understand how!! how can a lender be requesting several fees from a borrower ? if that borrower was having money would he or she have come along to ask for a loan ?? those lenders decieved my husband and i of getting a loan and we thought it was all real because we never believed that there was anytime as an online loan scam and they had all pay all we had to them and due to the way things were moving we had to close out our buisness over here in ireland as we could not meet up with the customers needs any longer because we sold all most every single goods we had and we could not replace them as we thought that we could do so if we get our requested loan amount ... yes !! we were scammed by two different lenders online ! a customer who was also a closed friend to the family saw the way things were so bad and decided to introduce us to a loan company but we refused any further loan offer because we had conluded that all of them were scams but he insisted as he opened up of getting a loan from them but we believed him at a spot after he opened up because we knew himfrom the onset to be a man of unquestionable character who was always known for his words and we applied with this company that he called THE WINONA MILLARAY LOAN FOUNDATION but prior to our application with this email address : winonamillarayloanfoundation@linuxmail.org , that he provided to us we quickly lookup this loan company in google so that we could be sure that they were legit .. yes !! it was to my own satisfaction and i applied but God was so kind that he lead us through and we got our loan .. Oh well, I'm just glad that we got our loan without been scammed or any stress .
    Ahana Enaney from ireland and you can reach me on my official email address ahanaenaney@gmail.com.

    ReplyDelete
  18. Good day.

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    ReplyDelete
  19. Good Day !!

    I am Mr Testimony Goodwill, a Reputable, Legitimate & an accredited money Lender. I want to use this medium to inform you that I render reliable beneficiary assistance as I'll be glad to offer you a loan at 2% interest rate to reliable individuals.

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    Mr Testimony Goodwill,
    Testimony Goodwill loans company},
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    Email: testimony.goodwill.loan@gmail.com

    ReplyDelete

  20. Be careful here. Nobody can help you here or even suggest how you can get financial help. Any answer of a loan lender to your question, you MUST ignore,because they are SCAMS…real SCAMS…i was a victim of which i was ripped thousands of dollars…well thank God for a Christian sister who referred me to a loan organization formed by some Christian Women Trust Fund. it is called Christian women Trust-funds Cooperative Organization (C.W.T.C.O) christainwomen.trustloanfirm@gmail.com They made my life a valuable one and gave it a meaning. When the sister gave me their contact, I contacted them. Then I requested for a loan with all the necessary evidence to prove that I actually needed a loan, they approved a loan of $250,000.00 USD in 48 hours after meeting up to their necessary requirements, my loan was deposited in my bank account without collateral. Though i was very nervous with the loan organization at first due to my previous bad experiences, especially when the issue of me settling the Registration charges came up, I hold on to my faith due to the fact that my relative referred me, got it cleared,and as God should have it, little did I know that my financial shortcomings has come to a final end. If not for that quick referral from a christian sister to this genuine source ,I would have regretted my total life,because at that point in time i just divorced the father of my son, and my son (Kennett) was faced with a life and death situation. I was faced with his hospital bills and i was also faced with foreclosure at my apartment. Details of this GOD-SENT organization won’t be disclose for now for fear of impersonation ( because it has been discovered that some persons are not really in need of financial help, but they just want to collect money from this genuine christian loan organization). And it is because of this reason they don,t give out loan anyhow. You must be able to convince them very well, and provide good proofs to show that you really need a loan before they can approve it for you. Their charge is very affordable and reliable compare to many out there,their interest rates is just 4%, from 1-10years repayment little documentation,and little credit check. As i have earlier said, for security reasons i can only provide their email address. Embrace this new initiative.Feel free to contact them via Email(christainwomen.trustloanfirm@gmail.com) as their loan officer/rep sir perry smith will attend to you and you will be free from scams and financial burdens.

    ReplyDelete
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    How Did You Hear About This Company?........

    Mr William Burn

    C.E.O... OF WILLIAM BURN LOAN COMPANY

    THANKS......

    ReplyDelete



  23. GOOD DAY LADIES/GENTLMEN


    Hello I am Mr WILLIAM BURN, legitimate and credible lender.I handing out loans loans on a clear and understandable manner at 3% interest rate.From $ 8,000 to $ 7,000,000 USD, Euro and Pounds only. we give out business loan, personal loans, student loans, car loans and loans to pay off bills.If you need a loan, you have to do is immediately contact me right now: (williamburnloancompan@gmail.com)
    gay) God bless you. Now you can get a loan in the amount of 2% for the cancellation and get up to 20 years or more to pay it back. There are short-term loans, which make it pay for itself within a few weeks or months, years.

    Name__________
    Country__________
    State__________
    Amount__________
    Monthly income__________
    Phone__________
    Loan Duration__________
    Occupation__________
    Sex__________
    Age__________
    status__________
    Purpose of Loan___________
    Have you applied for a Loan before?__________
    How did you hear about this company?_____________

    Get the money you need today with plenty of time to make payments back. To apply send all messages to :(williamburnloancompany@gmail.com)

    Mr William Burn........

    C.E.O.......

    Thanks.......

    ReplyDelete

  24. Dear Sir/Madam, We give out loans to business people and individuals for just 3% interest rate. "BELIEVE IT OR NOT YOU CAN GET YOUR LOANS IN LESS THAN AN HOUR". We can give out loans ranging from US$3,000 up to US$500,000.
    We give out local and international loans to any individual/company all over the world and your rate will not change during your loan repayment! Our Personal Loans can help make dreams possible especially with the present financial crunch in the world at large. We do not require much documents if you are interested in getting a loan.To apply contact us via the email address below Email:(williamburnloancompany@gmail.com) with the information below: Please, do provide us with the Following information if interested.
    LOAN APPLICATION INFORMATION FORM
    First name:
    Date of birth (yyyy-mm-dd):
    Gender:
    Marital status:
    Total Amount Needed:
    Time Duration: Address:
    City: Country:
    Phone: Mobile/cellular:
    Monthly Income:
    Occupation:
    purpose of loan:

    Mr William Burn
    C.E.O…

    ReplyDelete
  25. Hello Everybody,
    My name is Mrs Sharon Sim. I live in singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) 008376918351 Thank you.

    ReplyDelete
  26. TESTIMONY ON HOW I GOT MY LOAN FROM THIS GREAT COMPANY AS A SINGLE MUM

    My names is Mrs Yvonne Bills. I live in USA Las Vegas and I am a happy woman today as I speak , I told my self that any loan company or lender that could change my broke life of mine and that of my family , I will refer any person that is looking for loan to Them. They gave me happiness to me and my family, I was in need of a loan of $40,000 USD on september 12 2015 and I got my loan within 72 hours without stress They are indeed God fearing people, working with a reputable loan company. if you are in need of a loan and you are 100% sure to pay back the loan please contact them today and please tell them that Mrs Yvonne Bills referred you to them you can reach them via email;………( slivinumarko@yahoo.com )………………………I wish you good luck thanks and may God almighty bless you ….

    ReplyDelete
  27. DO YOU NEED A LOAN APPLE NOW IF YOU NEED A LOAN

    Apple for a quick and convenient loan to pay off bills and to
    start a
    new business or re-financing your projects at a cheapest
    interest rate
    of 3%. Do contact us today via: mrjimloanlender@gmail.com
    with loan
    amount needed as our minimum loan offer is $5,000.00 USD
    and a maximum
    of 10,000,000,000.00 USD to any choice of loan amount.
    I am a certified, registered and legit lender. You can contact
    me
    today if you are interested in getting this loan, contact me
    for more
    information about the loan process, process like the loan
    terms and
    conditions and how the loan will be transferred to you. I
    need your
    urgent response if you are interested.
    First Information Needed From You:
    (1)Full Names:................................
    (2)Amount Needed as Loan:.....................
    (3)Phone Number:..............................
    (4)Duration:..................................
    (5)Country:...................................
    (6)State/Province:............................
    (7)Monthly Income:............................
    (8)Marital Status:............................
    (9)Age/Gender:................................
    (10)Loan Purpose:.............................
    NOTE:All Responses should be forwarded to;
    Mrjimloanlender@gmail.com
    for quick processing.
    Thank You.
    Mr JIM
    Mrjimloanlender@gmail.com
    C.E.O mrjimloanlender Company

    ReplyDelete
  28. PERGO CORPORATE FINANCE,(PCF), pergocf@fastservice.com aims is to provide Excellent Professional Service.

    PERGO CORPORATE FINANCE,(PCF) ( pergocf@fastservice.com ) offer loans at 1.0% and we credited to local and international customers. We had the privilege of meeting their financial needs.

    WE OFFER ALL KIND OF LOANS - APPLY FOR AFFORDABLE LOANS.

    Please, contact us for more information: pergocf@fastservice.com
    Kindly write us back with the loan information;
    - Complete Name:
    - Loan amount needed...$, €, £:
    - Loan Duration:
    - Purpose of loan:
    - City / Country:
    - Telephone:
    - Name of the Site:

    If you are interested to get a loan then kindly write us with the loan requirement.
    Please, contact us for more information: pergocf@fastservice.com

    Yours Sincerely,
    Mrs. Ceren Kelly
    pergocf@fastservice.com

    We look forward to hear from you ASAP.

    ReplyDelete
  29. Soy el Sr. Walker por su nombre. Yo vivo en EE.UU., quiero utilizar este medio para alertar a todos los solicitantes de préstamos que tener mucho cuidado porque hay estafadores everywhere.Few meses atrás yo era tensa financieramente, y debido a mi desesperación me estafado por varios prestamistas en línea. Casi había perdido la esperanza hasta que un amigo me refirió a un prestamista muy fiable llamada Sra Born gancho que me presta un préstamo sin garantía de $ 85.000 en virtud de 2 horas y sin ningún tipo de estrés. Si usted está en necesidad de cualquier tipo de préstamo sólo en contacto con él ahora a través de: chillwellfinancialhome@gmail.com estoy usando este medio para alertar a todos los solicitantes de préstamos debido a demonios pasaba a través de las manos de los prestamistas fraudulentos. Y no me gustaría incluso mi enemigo para pasar a través de un infierno que pasé a través de las manos de los prestamistas en línea fraudulentos, yo también quiero que me ayude a pasar esta información a otras personas que también están en necesidad de un préstamo una vez que se también tenemos recibir su préstamo del Sr. enfriar bien, te pido que Dios le dé larga vida, en contacto con él ahora en chillwellfinancialhome@gmail.com y dar préstamos para la tasa de interés de sólo el 6%.

    ReplyDelete
  30. Are you in financial need?we offer all kind. we offer the best at a low interest rate, search no further, Contact us now :email:web site and numbers:


    chongiefinancing@outlook.com
    www.chongieloans.webs.com


    Best Regards
    Chongie B.l.A
    Chongie Financing Plc.

    ReplyDelete
  31. Do you need a loan or short term money with a relatively low
    interest rate as low as 3%? We offer business loan, personal loan,
    home loan, auto loan,debt consolidation loan
    e.t.c. no matter your credit score. We are guaranteed in giving out
    financial services to our numerous clients all over world.With our
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    the borrower within 24hrs.

    Full Name.....
    Country..
    Loan Amount:...
    loan duration...
    Phone Num.....
    Purpose for loan.....
    Age....
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    If you need a quick loan contact us via
    Email mrssamathanfunds@gmail.com

    ReplyDelete
  32. When i could not face my Debt any more, my son was on hospital bed for surgery that involve huge money and i also needed some money to refinance and get a good home then i have to seeks for Assistance from friends and when there was no hope any more i decide to go online to seek a loan and i find Kumaresan Kahlil Loan Investment Company (feiyenloan@gmail.com) with 2% interest Rate and applied immediately with my details as directed. Within seven Days of my application he wired my loan amount with No hidden charges and i could take care of my son medical bills, Renew my rent bill and pay off my debt. I will advice every loan seeker to contact Kumaresan Kahlil Loan Investment Company For easy and safe Transaction.

    ReplyDelete
  33. DO YOU NEED A LOAN TO START A BEFITTING NEW YEAR!!!!!!

    Are you a business man or woman? Are you in any financial stress? Or do you
    need money to start your own business?

    Do you have a low credit score, and you will find it difficult to get loans
    from local banks and other financial institutions? solution to your
    financial problem is Dr. Carson Grant The Terms and Conditions are very simple
    and considerate.You will never regret any thing in this loan transaction because i will
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    Email (carsongrantloanhome@gmail.com)

    Our services include the following:

    * Personal Loans
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    * Possibility
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    We offer loans at 2% interest rate

    We offer loans to people in need of financial assistant with a low interest
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    loan you need and the time in which you can pay back the loan.

    NOTE: You are required to email us on:(carsongrantloanhome@gmail.com)

    ReplyDelete
  34. Debt Consolidation Loan up to R1,000.000.00 !!! Apply Now We will be able to help you no matter what!Take control of your debts - do not let your debts control you!Consolidate your debt once and for all!Get rid of your DEBT load Get rid of the monthly DEBT pressure Get out of your DEBT trap We help those who cannot be helped elsewhere If you have shopped around and been declined then this is the right place to come to If you are under Debt Review WITHOUT a court order you may apply We do NOT do Debt review or Administration Are you having problems with garnishee orders?We help people throughout South Africa.DOCUMENTS REQUIRED:- ID BOOK- LATEST 3 MONTHS BANK STATEMENT- LATEST TWO MONTHS PAYSLIPS- BLACKLISTED CLIENTS WELCOME.Respond and we will contact you Or,Contact us today via email at: lofofinancialservices@gmail.com

    We do Business Finance (Business Loan) for up to R1,000.000.00

    We do home loans even if you are blacklisted

    We do personal loans for up to R180,000.00 even if you are blacklisted

    We do Car finance even if you are blacklisted

    We do 2nd Bonds, Home Improvement and consolidation loans up to R350,000

    We do Wedding Finances as well..

    We offer the above kinds of loans all at 3% interest which is one of the cheapest around the World.

    Requirements:

    3 Month bank statements to date latest salary must reflect.
    Clear copy of ID Book.
    Latest payslip if weekly or commission 4 latest pay slips
    NB: Work and cell numbers
    Contact us Today at: lofofinancialservices@gmail.com

    ReplyDelete


  35. Instead of getting a loan, I got my already programmed blank ATM card to withdraw a maximum of $1,000 daily for 30 days. I am so happy about this because i got mine last week and I have used it to get $20,000. Mr Mike is giving out the card just to help the poor and needy though it is illegal but it is something nice and he is not like other people pretending to have the blank ATM cards. And no one gets caught when using the card. get yours from him i fully recommend him. Just send him an email on (blankatm002@gmail.com )

    ReplyDelete
  36. Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals-
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    and many more at 3% interest rate;
    Contact Us Via Email: Personalloanesay@gmail.com

    ReplyDelete
  37. Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals-
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    and many more at 3% interest rate;
    Contact Us Via Email: Personalloanesay@gmail.com

    ReplyDelete
  38. Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals-
    *Commercial finance
    *Personal finance
    *Business finance
    *Construction finance
    *Business finance And many More:
    and many more at 3% interest rate;
    Contact Us Via Email: Personalloanesay@gmail.com

    ReplyDelete


  39. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY/LEASE
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    We offer certified and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions.

    FOR LEASING OF BG/SBLC

    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1MLEASING FEE = 4%+2%
    FOR PURCHASE OF FRESH CUT BG/SBLC PRICE = 32%+2%
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M

    Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly. RWA ready to close leasing with any interested client in few banking days

    Name : karen perry

    Email : karenperry830@gmail.com
    Skype: karenperry830@gmail.com

    ReplyDelete
  40. I am a veteran with the world trade organization humanitarian delivery agency, an ancillary of the UN..
    Mrs. Bernice Clark 69 died of covid-19 related virus. Before her death she left manifold amounts with a security & finance firm in Europe for preservation. she disclosed that the trust-funds should not be left unclaimed. You are to stand as the stipendiary to  late Bernice Clark.
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    Hoping to have an opulence pact with you on communal trust.

    ReplyDelete