The White House sees a new $150 million loan in Ecuador as way to compete with China
The White House sees the loan to support women-owned businesses as a model for the kind of project that the U.S. plans to support to compete with China's Belt and Road initiative.
by Franco Ordoñez
Oct 02, 2021
2 minutes
The Biden administration this week announced a $150 million loan to support women-owned businesses in Ecuador, a step the White House sees as a model for the kind of projects the United States plans to support as it kicks off a new initiative to compete with China's Belt and Road global investment and lending program.
The U.S. loan goes to Banco de la Producciรณn, which officials say will ultimately
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