Ecuador negotiates IMF loan

Ecuador negotiates IMF loan

Loans Economy & Policy Corporate & Sovereign Strategy Funds Politics Ecuador

Ecuador is discussing a "financial arrangement" with the IMF, the multilateral lender said in a statement. "In this context, an IMF team is currently in Quito to continue this dialogue and identify how the IMF can best support the government’s home-grown policy plan," the IMF's chief spokesperson Gerry Rice said. The Ecuadorean government has said it could seek at least $1.5bn in financing from the IMF to go along with $1.75bn in bond sales this year.  The sovereign issuer sold $1bn in bonds in

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