Ecuador President Daniel Noboa seeks U.S., European financial help amid war on gangs
Ecuador President Daniel Noboa is seeking financial support from the U.S. and Europe as he looks to free up funds to fight organized crime after launching a 60-day state of emergency.
QUITO, Ecuador — Ecuador’s president on Monday said he is seeking financial support from the U.S. and Europe, as well extending output from an oil block that was voted to be shut down, as he looks to free up funds to fight organized crime.
President Daniel Noboa, a 36-year-old businessman who started his term in November, has launched a 60-day state of emergency, nighttime curfew and military offensive against criminal groups he has a designated as terrorists.
The escalating violence in the South American country, which saw gunmen storm a live TV broadcast early this month, comes as the economy is struggling to meet its domestic debt obligations, limiting its ability to borrow from overseas.
Top U.S. officials are visiting Ecuador this week to boost bilateral cooperation on security and fighting organized crime.
Noboa said in an interview with Teleamazonas TV channel that “refinancing the foreign debt” would be vital.
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