Ecuador nears a follow-up agreement with the IMF, Finance Minister Simon Cueva said in an interview with Radio Sucesos.
- “We are in progress these days and we are very close to closing“ a deal succeeding the $6.5b IMF Extended Fund Facility signed in 2020
- “Everything is well on track for that,” which will lead to $4.5b-$4.6b in funding to close requirements for the year
- Ecuador on Monday received its share of close to $950m in new IMF Special Drawing Rights that are being exchanged into dollars
- Proceeds from the SDR distribution will go to investment and social services
- Beyond the ...