Ecuador arranges $10bn in multilateral funding

Ecuador arranges $10bn in multilateral funding

Debt Corporate & Sovereign Strategy Economy & Policy Loans Funds Politics Ecuador

Ecuador said it has reached agreements to receive $10.2bn in financing from multilateral agencies and development banks, led by the IMF. Ecuador agreed to a $4.2bn financing package from the IMF and also secured $6bn from the World Bank, the Inter-American Development Bank (IDB), the Latin American development bank CAF, the Fondo Latinoamericano de Reservas (FLAR), the European Investment Bank (EIB) and the French development agency AFD. "It is low-cost and long-term support that will allow th

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