Margaret Myers, director of the Asia & Latin America Program at the Inter-American Dialogue: “Ecuador is among the countries in Latin America with a greater relative debt burden to China. As noted in the Inter-American Dialogue’s and Boston University’s report ‘Feeling the Stones: Chinese Development Finance to Latin America and the Caribbean,’ Guyana and Ecuador have comparable levels of public and publicly guaranteed debt to Chinese creditors, at about 3.6 percent of GDP in each case. However, their expected debt payment burdens are quite different, with Ecuador’s payment burden expected to be several times that of Guyana as a share of projected exports. Juan Carlos Vega’s discussions in Beijing no doubt focused to some degree on the country’s outstanding debt to China…”
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