Ecuador will receive a disbursement from the International Monetary Fund, for $394 million, as part of the program in effect since 2024, which totals $5 billion.

The new aid package was approved by the multilateral organization after the corresponding review, which revealed internal progress such as the rationalization of tax expenditures through tax exemptions or waivers; in addition, the efficiency of public spending has improved.

The assessments were conducted between February and March, according to a statement by IMF Deputy Managing Director Nigel Clarke, who confirmed that the approved disbursement, the first of 2026, is part of “a 48-month program under the IMF’s Extended Fund Facility (EFF), signed during the current administration of Ecuadorian President Daniel Noboa, and in effect until 2028.”

Ecuador will have to undergo four future reviews before the end of the program to access an additional $1.276 billion.

M.Pino

Source: spanish.xinhuanet

(Reference image source: Logan Voss on Unsplash)

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