The U.S. International Development Finance Corporation recently signed what it called a “novel model” with Ecuador to help pay off billions of dollars of the South American country’s loans to China that were used to buy Huawei equipment. In exchange, Washington received assurances that Quito will ban the Chinese tech giant from their market.
- Get a daily email packed with the latest China-Africa news and analysis.
- Read exclusive insights on the key trends shaping China-Africa relations.
- Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.