Ecuador reaches deal with China to restructure debt, president says - WSJ

Credit: REUTERS/KAREN TORO

Sept 19 (Reuters) - Ecuadorian President Guillermo Lasso said his country has reached a deal with China to restructure $4.4 billion of outstanding debt, the Wall Street Journal reported on Monday.

The restructuring of outstanding debt will save the country $1 billion from 2022 to 2025, Lasso told the WSJ. (https://on.wsj.com/3BqKIvW)

(Reporting by Jahnavi Nidumolu in Bengaluru)

((Jahnavi.Nidumolu@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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