IMF Greenlights Fund Facility Boost for Ecuador
The International Monetary Fund has completed its second review of Ecuador's Extended Fund Facility, resulting in a $1 billion increase. This approval enables Ecuador to access approximately $600 million immediately.
The International Monetary Fund announced the successful completion of its second review for Ecuador's Extended Fund Facility on Friday, leading to a $1 billion augmentation of the program.
This significant approval unlocks immediate access for the Ecuadorian government to approximately $600 million.
The IMF's decision reflects confidence in Ecuador's economic reforms and commitments.
(With inputs from agencies.)
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