IMF Approves $4 Billion Fund for Ecuador

The International Monetary Fund (IMF) Executive Board has approved a four-year plan under the Extended Fund Facility for Ecuador, granting access to $4 billion. This decision enables an immediate disbursement of $1 billion to Ecuador.

The International Monetary Fund (IMF) Executive Board has approved a new four-year arrangement under the Extended Fund Facility for Ecuador, with access equivalent to $4 billion, the IMF said on Friday.

In a statement, it said the board's decision allows the authorities an immediate disbursement equivalent to $1 billion.

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