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MercoPress, en Español

Montevideo, November 24th 2024 - 00:35 UTC

Tag: IMF’s Extended Fund Facility (EFF)

  • Monday, February 25th 2019 - 09:09 UTC

    Ecuador reaches an agreement with IMF and will receive US$ 4.2 billion

    Ecuadorian authorities have put together a strong plan, which will help modernize the economy and foster job creation

    Ecuador and the International Monetary Fund (IMF) staff have reached an agreement on a set of policies to underpin a US$4.2 billion (435% of quota and SDR3.035 billion) arrangement under the IMF’s Extended Fund Facility (EFF). This arrangement, which is subject to IMF Executive Board approval, would provide support for the Ecuadorian government’s economic policies over the next three years.