Washington (United States) (AFP) - The International Monetary Fund (IMF) announced this Monday an agreement with Ecuador for a new 18-month aid program for about $710 million, which is added to the Extended Fund Facility (EFF) signed in May 2024.
First modification: 11/09/2026 - 19:19
"With the support of the EFF, authorities have made significant progress in achieving macroeconomic stability, rebuilding buffer stocks, and strengthening resilience," the institution's statement explained.
Ecuador successfully passed the sixth review of the EEF, with which "it will have immediate access to approximately 280.5 million special drawing rights (SDR), equivalent to about 380 million dollars," explained the text that refers to the Fund's resource accounting mechanism.
At the same time, Ecuador negotiated a new program, the Resilience and Sustainability Service (RSF), through which it will have access to some 710 million dollars (75% of Ecuador's quota in the IMF).
While the EFF program signed in May 2024 was intended to address urgent fiscal imbalances, the RSF serves to finance long-term reforms in sectors such as power generation, natural disaster preparedness and climate governance.
Ecuador grew by 2.1% in the first half of the year, and is expected to reach 2.7% for the year as a whole.
Inflation fell to 1.3% for 12 months in September, and "the current account balance is expected to maintain a considerable surplus, equivalent to 4.6% of GDP in 2026, thanks to a sustained trade surplus in the non-oil sector," the Fund explained.
Ecuador returned to international capital markets in January 2026, for the first time since 2019, highlights the IMF.
As negative factors in the medium term, the Fund cites the El Niño meteorological phenomenon, more intense this year, which explains the second RSF program for a period of 18 months.
Both the sixth review of the EFF and the 18-month RSF agreement are subject to approval by the Fund's executive board.
© 2026 AFP
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