IDB Lends Ecuador $400m to Boost Fight Against Organized Crime

The Inter-American Development Bank has approved a $400m loan to Ecuador to strengthen its institutional capacity to attack organized crime, the multilateral lender said in a statement.

• Proceeds of the loan to finance “a comprehensive, cross-sector, and evidence-based response that includes new regulatory frameworks, channels for inter-institutional coordination, intervention strategies, and tools for tracing and controlling illicit assets”
• Structural reforms to help prevent recruitment of children and adolescents by drug trafficking organizations, modernize police, fight money laundering, recovery of illegal assets, and reduce illegal mining
• The program “includes rigorous monitoring and evaluation structures, as well as technical assistance to ...