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Ecuador Reaches Staff-Level Agreement with IMF for $1bn Loan Boost
June 12, 2025
Ecuador has reached a staff-level agreement with the IMF to augment its current Extended Fund Facility(EFF) from $4bn to $5bn. Ecuador’s Economy and Finance Ministry said that the proposed $1bn increase is aimed to enhance financial support as the country works to consolidate economic stability and promote inclusive development. The IMF Executive Board is expected to evaluate the deal in the coming weeks, and an approval would trigger a fresh disbursement of $1bn under the program.
Ecuador dollar bonds rose by over 1-1.5 points across the curve yesterday. They have trended higher, racking gains of over 30% since April after President Noboa’s electoral victory, thereby securing a full four-year term.
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