Ecuador Loan Agreement

The agreement helped the Andean country successfully renegotiate its government bonds last month. “The new EFF agreement will support Ecuador`s policy to expand the coverage of social assistance programmes, protect vulnerable populations, ensure the sustainability of public finances and public debt, and strengthen national institutions to lay the foundations for strong, sustainable and inclusive growth. The agreement is subject to the agreement of IMF management and the Executive Board in the coming weeks, based on the authorities` implementation of previous measures, compliance with the IMF`s criteria to provide financing that goes beyond normal access, and commitments made by international partners, including bilateral creditors, on their financial commitments. The new loan is subject to approval by the IMF Executive Board.