The International Monetary Fund (IMF) Board approved an immediate disbursement of $600 million to Ecuador after the third review of targets under a credit program active since May 2024 was completed, the multilateral body reported.
The IMF stated in a communiqué that "the program's performance remains strong," noting that Ecuadorian authorities met all quantitative performance criteria for the end of August 2025.
The credit program with the IMF was initially set at $4 billion as part of a 48-month agreement under the Extended Fund Facility (EFF). However, in April 2025, Ecuador's President, Daniel Noboa, requested the multilateral body to increase financing by $1 billion, thus raising the program's total funding to $5 billion.
Of that amount, the government has already received $2.1 billion since the agreement began, according to a Xinhua news agency report.
The IMF highlighted the "substantial progress" of the Ecuadorian government in implementing its structural reform agenda, especially in fiscal, governance, and growth-promoting areas.
"Authorities are taking decisive actions to strengthen fiscal sustainability and liquidity buffers while protecting the most vulnerable," it stated.
According to the IMF, Ecuador's real GDP is recovering much faster than projected in the second review, driven by strong domestic demand, record non-oil exports, and low inflation. It indicated that the current account balance is projected to continue posting significant surplits, allowing for a further increase in international reserves.
Likewise, it added that the financial sector remains stable and credit growth is supporting economic activity.
"The economy has shown resilience, although it continues to face several challenges, including global uncertainty and volatility in international financial markets," the IMF pointed out.
