The Inter-American Development Bank (IDB) approved a US$500 million loan to facilitate Ecuador’s macroeconomic stability, strengthening fiscal sustainability and monetary market stability.
Ecuador’s “Macroeconomic Stability Support Program,” approved by the IDB’s Board of Executive Directors, will help meet short-term financing needs and stabilize the country’s macroeconomy, safeguarding social protection. This operation will support the government’s efforts in its program with the International Monetary Fund (IMF).
This US$500 million loan has a seven-year amortization period and a three-year grace period and an interest rate based on SOFR plus 1.15%, plus the applicable margin for loans from the Bank’s Ordinary Capital.
About the IDB
The Inter-American Development Bank (IDB), a member of the IDB Group, aims to improve lives in Latin America and the Caribbean. Founded in 1959, the IDB works with the public sector in the region to design and facilitate innovative and impactful solutions for sustainable and inclusive development. Leveraging financing, technical expertise and knowledge, the IDB promotes growth and well-being in 26 countries.
