Ecuador faces a huge budget deficit because of loans it received from China - News Summed Up

Ecuador faces a huge budget deficit because of loans it received from China


“When Correa came in, there was an enormous social debt and paying it down was paramount. There had been 20 years without much public investment in education, health, infrastructure,” Villacres said. “Could he have done it better? He should have gone after corruption more harshly. But he reduced poverty and inequality and we’re certainly no better off now than we were when he left office in May 2017.”


Source: Los Angeles Times December 10, 2018 11:03 UTC



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