IMF Staff Country Reports

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

July 21, 2025

Download PDF More Formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Western Hemisphere Dept., and International Monetary Fund. Strategy, Policy, & Review Department "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", IMF Staff Country Reports 2025, 199 (2025), accessed July 21, 2025, https://doi.org/10.5089/9798229016568.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Arrears, Credit, Crime, Economic sectors, External debt, Financial institutions, Fiscal policy, Fiscal stance, Money, Oil prices, Prices, Public debt, Public sector, Securities

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Arrears, Credit, Financial sector stability, Fiscal stance, Oil prices, Public sector, Securities

Publication Details