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Ecuador must now pay Amazon Conservation DAC $1 billion , and $.527 billion to the bondholders that have already been withdrawn from the market.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 ...
(there will be no significant improvement in Ecu until this addressed and resolved once and for all, very similar issues up NA way too, Ecu mini state likes to monkey see monkey doo big brother brothel USSA in so many ways:) 03DEC25- #Ecuador ⚖ 'Life imprisonment! For corrupt judges & lawyers- "...So, let's use the same logic with my "buddies." If as a lawyer you are found guilty of having bribed a judge or prosecutor or you are that judge or prosecutor bribed, it is impossible for us to think that it is coherent that we can once again entrust them with their participation in the system of administration of justice.
A corrupt judge, lawyer or prosecutor must be banned for life from practicing the profession. Let them go out to sweep streets or pass cafes, but in this profession they cannot participate again. Because without Justice there is no State and they have made sure that Ecuador is a failed State.
But I am more radical: I propose that the perpetual inability to practice the profession ...
SUN 23NOV25 The #EcuadorReport Giving Thanks to the Entire Crew at KAT-BAS Club de Tiro #Quito Gun Club - 'Nobody is Coming to Save You!'🦃Have a Happy Thanksgiving 2025🎩-
13NOV25 📑#Ecuador
"There is an agreement between the US and Ecuador on reciprocal tariffs, driven by President Donald Trump and President Noboa.
The United States announced the elimination of reciprocal tariffs for certain Ecuadorian exports, following the conclusion of a new agreement promoted by President Donald Trump and President Daniel Noboa.
The understanding incorporates chapters of trade, work, environment and security, with the aim of providing greater competitiveness and relief to the export sector of Ecuador.
The Minister of Production and Foreign Trade, Luis Jaramillo, stressed that this framework "will lay the foundations of trade, economic and national security relations", emphasizing that the agreement marks a decisive step to deepen cooperation between the two countries.
According to the Ecuadorian Government, the measure will allow to expand opportunities for domestic products and strengthen the bilateral agenda in strategic areas for development and security." -
...
