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Ecuador: Second Review under the Extended Arrangement under the Extended Fund Facility, Request for Augmentation and Rephasing of Availability Date for the Third Review, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

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  • International Monetary Fund

Abstract

The Ecuadorian authorities made significant progress in the implementation of their economic program, supported by the 48-month Extended Fund Facility (EFF) arrangement approved by the Executive Board in May 2024 of SDR 3 billion (430 percent of quota, about US$4 billion). The new global landscape presents additional challenges for Ecuador due to volatile oil prices and tighter global financing conditions. Amid a more challenging external environment, the authorities have requested an augmentation of the original arrangement from US$4 billion to US$5 billion. The authorities have affirmed their commitment to implement an ambitious reform agenda to address the external shocks and further strengthen fiscal sustainability and buffers and boost private investment and job-rich growth. The authorities’ revised program will also catalyze additional financial support from multilateral partners which will help advance their ambitious structural reform agenda.

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  • International Monetary Fund, 2025. "Ecuador: Second Review under the Extended Arrangement under the Extended Fund Facility, Request for Augmentation and Rephasing of Availability Date for the Third Review, and Financing Assurances Revie," IMF Staff Country Reports 2025/199, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2025/199
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