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

International Monetary Fund

No 2025/199, IMF Staff Country Reports from 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.

Pages: 129
Date: 2025-07-21
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