Gotta love Ecuadorian politics. Ecuador is extremely limited in getting financing, because it has defaulted on their bonds several times over the last two decades, including in 2008/2009. it is thus dependent on the good will of other countries, like Cuba, Venezuela, China and Iran, to get financing for it's budget deficit.
Now it is facing a growing problem for its electrical infrastructure. This last December-January there were widespread, mandatory blackouts because of electrical shortages. Ecuador desperately needs a new dam, but doesn't want to pay the price to get the money.
See the details by clicking on the link below.
Ecuador will not forget China's "mistreatment": president - Yahoo! News
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