EC–8. Editorial Note
During the years 1958–1960, United States Government agencies concluded the following loan agreements with the Ecuadoran Government and private industry: (1) ICA loan of $2.3 million to the Ecuadoran Government for project assistance on June 27, 1958; (2) ICA loan of $880,000 to the Ecuadoran Government for project assistance on November 12, 1958; (3) Export-Import Bank credit of $1.9 million to Empresa Electrica Ambato, S.A., for a diesel power station and electric distribution system on March 12, 1958; (4) DLF loan of $4.7 million to the Ecuadoran Government for highway construction on March 23, 1959; (5) DLF loan of $3,976,524.53 to the Ecuadoran Government for highway construction on November 6, 1959; (6) DLF loan of 28,870,544.89 sucres to the Ecuadoran Government for highway construction on November 6, 1959; (7) Export-Import Bank credit of $880,000 to the Ecuadoran Government for construction at the International Airport, Guayaquil, on March 29, 1960; and (8) a Cooley amendment loan of 4 million sucres to Empresa Electrica del Ecuador, Inc., for electric distribution facilities on October 10, 1960. For further information, see Agency for International Development, Status of Loan Agreements as of March 31, 1964, pages 15–17. Additional credits authorized by the Export-Import Bank during the years 1958–1960 are listed in Export-Import Bank of Washington, Report to the Congress for the Twelve Months Ending June 30, 1961, pages 148–150.
The International Bank for Reconstruction and Development approved a loan of $13 million to the Guayaquil Port Authority for port development on October 9, 1958. For further information, see. International Bank for Reconstruction and Development, Fourteenth Annual Report, 1958–1959, pages 30–31.