IMF approves US$4.2 billion loan for Ecuador | The Malaysian Insight

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IMF approves US$4.2 billion loan for Ecuador

Members of the Confederation of Indigenous Nationalities of Ecuador protesting against the Ecuadoran government’s economic policies in Panzaleo in January. The protest was against recent fuel price hikes. – EPA pic, March 12, 2019.

THE International Monetary Fund yesterday approved a US$4.2 billion , three-year loan for Ecuador, part of a broader aid package to help support the government’s economic reform programme. The Washington-based lender agreed to the terms of the financing late last month, and the final approval of the IMF board yesterday releases the first instalment of US$652 million.

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