Ecuador: Third Review Under the Extended Arrangement Under the Extended Fund Facility, Request for Rephasing, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

Author: International Monetary Fund. Western Hemisphere Dept.

Volume/Issue: Volume 2025 Issue 289

Publication date: October 2025

ISBN: 9798229029933

$20.00

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Topics covered in this book

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Banks and Banking , Finance , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Expenditure , Public Financial Management , Financial sector stability , Oil prices , Credit , International reserves , Oil , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Fiscal stance , Public sector

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Summary

The Ecuadorian authorities have made significant progress in the implementation of their economic program, supported by the Extended Fund Facility (EFF) arrangement of SDR 3.75 billion (537 percent of quota, about US$5 billion), approved by the Executive Board in May 2024 and augmented in July 2025. The authorities have taken bold actions to strengthen fiscal sustainability and liquidity buffers, while protecting the most vulnerable. These included implementing high-quality revenue and expenditure reforms alongside targeted compensatory measures to protect vulnerable groups. In addition, the authorities continued advancing their ambitious structural reform agenda to safeguard financial stability, enhance governance, and boost private investment and job-rich growth.