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Analysts: Why in The World Would the U.S. Want to Pay Off Ecuador’s Huawei Loans?

The CEO of the U.S. International Development Finance Corporation, Adam Boehler, signs a framework agreement with representatives of the Ecuadorian government. Image via @DFCgov.

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.

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