The loan deal was signed in the Chinese capital by William Vasconez, Ecuador’s vice minister of public credit, and representatives of the China Development Bank, said the report, which did not indicate loan terms.
Officials said earlier this month that the two sides were negotiating details of an eight-year loan at a 6.9 percent interest rate, with a two- to three-year grace period.
In 2010, the Export-Import Bank of China gave Ecuador a US$1 billion loan to finance oil, infrastructure, mining and telecommunications projects.
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