17Dec24, "the Government of Daniel Noboa completed the process of exchanging bonds for the conservation of the Amazon, which began on December 3, with the participation of Amazon Conservation DAC, The Nature Conservancy (TNC) and the advice of Bank of America. As a first step, Amazon Conservation DAC issued a bond for $1 billion, with which resources it can buy Ecuadorian securities, which are currently discounted.
The process was carried out with the advice of Bank of America. With that money, Amazon Conservation DAC was able to purchase and retire $1.527 billion in bonds from the market.
Thus, after this process that culminated on December 17, Ecuador must now pay Amazon Conservation DAC $1 billion , and $.527 billion to the bondholders that have already been withdrawn from the market. Hence, the savings for Ecuador from the exchange of this debt would be around $527 million. However, if interest and other financial costs are taken into account , Ecuador's savings in external debt payments will be $816 million by 2035.
This issuance was made possible by the Inter-American Development Bank providing a $155 million guarantee for Amazon Conservation DAC to issue the $1 billion bond on favorable terms. In addition, the International Development Finance Corporation of the United States provided insurance for the operation.
This is the second debt swap that Ecuador has carried out. The first one was carried out in May 2023, during the government of Guillermo Lasso, and was in favor of the Galapagos Islands...." -
Jack Abercrombie, [12/17/2024 12:27 PM]
Looks good on paper💰💵unfortunately, any and all profits proceeds or gains for Ecuador will
be stolen and go to 💸offshore banco accounts,🏦 🥹
🤠iffin you gonna move down or remain in Ecuador on into 2025, get prepared for whats a coming down the pike🥷🏼its not and has not been just a Coastal & #GYE thang, its also a Sierra & Metro #Quito Thanggy as well👮🏻♂️💰
My 2025 NewYears Resolution is more time out on the La G range, zz style, 🎸🥁🎸 cuzz (imho) we gonna dang sure be a needin it🥷🏼if anybody wants to no longer be an outlaw? Call me to join our Qtowne Quito gun club and get legal to tote with a 55hr CCW Course,
now a days The CCW is pretty much streamlined down to this:
plan on about $300 for to join the gun club,about $200 or up to $300 for the CCW course,about $300 for psyche, psycho and toxico exams,
a 9mm Taurus for say $1200.
a 9mm CZ for say $1500.
aprox $80 to $100 for a box of 50rds 9mm FMJ
i see peeps now a days getting legally armed in about a 3-4 months time frame, kinda like a tuff assed visa process!
'Always be prepared' - BSA & SA,
"When guns are outlawed, only outlaws will have guns" - Louis L'Amour (1908-1988) Western novelist of ...
01JUL25 - SOUTHCOM’s TMPI: Towards Integrated Deterrence in the Americas by Building Maintenance Capacity- #ECUADOR - "Analyzing Ecuador’s foreign policy trajectory over the past two decades is pertinent to illuminating the region’s evolving political and security landscape. During President Rafael Correa’s administration between 2007 and 2017, Ecuador pivoted by severing its military relations with the US.
This comprehensive shift included ordering the closure of the security cooperation office in the US Embassy and honoring but not renewing the lease term for the Manta Air Base, causing the withdrawal of approximately 300 US military personnel stationed there.
However, this period of strained relations was followed by the re-establishment of the Office of Security Cooperation (OSC) in 2018, signaling a potential shift that ultimately materialized with new military cooperation agreements signed with the US in 2023 under President Lasso and ratified in 2024 by President Daniel Noboa. ...
25JUN25 "Ecuadorian President Daniel Noboa announced this Thursday the capture of Adolfo Macías Villamar, alias "Fito ," considered the leader of the Los Choneros organized crime group.
"For those who opposed and doubted the need for the Solidarity and Intelligence laws : thanks to those laws, Fito was captured today and is in the hands of the Security Bloc," the president posted on the social network X.
"We have done our part to proceed with Fito's extradition to the United States , and we await your response. Have a good afternoon, Ecuador," Noboa added.
The criminal leader had been on the run for over a year and a half , after escaping from the Guayaquil Regional Prison and hiding his tracks while the country was engulfed in a spiral of violence, culminating in the brief takeover of a television station.
'Fito,' who was serving a 34-year sentence for organized crime, drug trafficking, and murder , escaped on January 7, 2024, as he was about to be transferred to La Roca, a ...
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