Ecuadorian President Guillermo Lasso, pictured in August, is visiting New York for meetings during the United Nations General Assembly. NEW YORK—Ecuadorian President Guillermo Lasso said his country had reached a deal with China to restructure $4.4 billion of outstanding debt, saving the country $1 billion from 2022 to 2025. “This is a great development for Ecuador,” President Lasso told The Wall Street Journal on Monday.

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