US EditionImf Money Will Arrive in Ecuador: Multilateral Approves New Disbursement and the Expansion of the Agreement by $1 Billion More
6 Articles
6 Articles
The Ministry of Economy and Finance reported this Friday, July 18, that the Executive Board of the International Monetary Fund (IMF) approved an immediate new disbursement for the country for $600 million.
The approval allows Ecuadorian authorities to access an immediate redisbursement of US$600 million, the IMF said.
Quito, 18 Jul (Latin Press) The International Monetary Fund (IMF) today approved an immediate disbursement of $600 million for Ecuador and the South American country's debt to that organization is expanding. The post IMF approves $600 million for Ecuador first appeared on News Prensa Latina.
The government reports on the approval of an immediate contribution of $600 million and an increase of $1 billion in the current agreement with the International Monetary Fund, highlighting progress in reforms and response to challenges.
The IMF indicated that the increase approved for Ecuador increases the country's access to the program from $4 billion to $5 billion.
President Daniel Noboa led a Ministerial Cabinet in the city of Tena, Napo province, with the aim of evaluating the government actions deployed in the Amazon and at the national level. The day served to review progress, coordinate public policies and meet the main citizens’ needs. In terms of road infrastructure, the Minister of Transport and Public Works (MTOP), Roberto Luque, reported that the Via Loja-Zamora is already enabled, while the work…
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