At an event organized by the Inter-American Dialogue think tank in Washington, Newly elected president Daniel Noboa Azín He said Ecuador needs a “bridging loan” from multilateral lending organizations to develop its government plan.

“We need a bridging loan. It will take us three hours and we need a bridging loan, I would say nine months. “It will help us in public investment, it will also help us in the field of education and tax relief for two years, in creating jobs and for the private investor,” Noboa said, according to a post on the news portal. Infobae.

Bridging loan It is a special type of loan given by multilateral organizations that governments resort to when there is an urgent need for financing, commented analyst Walter Spurrier. “It is an emergency loan until the final loan is issued, then the ‘bridge’ is paid,” he added, meaning that Noboa will request the final one later.

Last weekend, Noboa held several meetings with representatives of the International Monetary Fund (IMF), the World Bank (WB) and the Inter-American Development Bank (IDB).

Noboa explained that his plan consists of promoting investment in infrastructure and social programs, especially for the most vulnerable.

According to the review of InfobaeNoboa commented that the situation is “critical” and that if the economy is not reactivated “the country could fall into default in 2026 or 2027″.

“It will be difficult, there is hope in the talks with the multilaterals. There is hope. We believe we have a plan. We have a short-term, medium-term and long-term plan,” said the new president.

In his speech in Washington, Noboa assured that he explained to the multilaterals that he was re-elected in 2025, in order to “make sustainable” his political project.

“For re-election, it is necessary to provide solutions, especially investments in infrastructure and the creation of new jobs, education and social projects, especially for the poorest and those citizens who live in a province without major violence, but are also misled. for another political project,” said Noboa.

The president-elect is in the USA for a series of meetings with businessmen who do business with Ecuador, as well as representatives of investment banks.

Several members of what will be his cabinet go with him to these meetings. Among them Sariha Moya, who will be appointed Minister of Economy and Finance.

Moya’s name was added to the list of ministers and officials confirmed by Noboa Azín in recent days: Franklin Palacioswho will be the Minister of Agriculture and Livestock; Gabriela Sommerfeld, Minister of Foreign Affairs and Human Mobility; Sonsoles GarcíaMinister of Industry, Foreign Trade, Investments and Fisheries, Roberto Luque, Minister of Transport and Public Works; and Ivan Carmignani, responsible for the communication of the Secretariat of the Presidency.