The loan has a term of 12 months and a rate of 1.35%.
The Latin American Reserve Fund (FLAR) disbursed $ 308 million tol country as support to the government economic program. The Rresources will serve to meet liquidity needs, according to national regulations, reported a few minutes ago the Ministry of Economy and Finance in a statement.
The $ 308 million delivered correspond to a loan approved to Ecuador, by this agency, for a term of 12 months and an interest rate of 1.35%.
The Minister of Economy and Finance, Simón Cueva, He highlighted the approval of this financing as it shows that Ecuador’s economic policy has the support of the international community because it is handling public finances seriously and responsibly.
Ecuador recently received $ 800 million from the International Monetary Fund (IMF) corresponding to the resources that are part of the financial agreement with that multilateral. And by the end of the year he hopes to have $ 700 million more as part of the same financial process. Additionally, and like all member countries, it received $ 950 million in SDR in September, which was later converted into foreign currency to finance the budget deficit.
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