## Ecuador: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

_IMF Staff Country Reports, May 31, 2024_

## Source details

**Canonical URL:** [Ecuador: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Ecuador](https://www.imf.org/en/publications/cr/issues/2024/05/31/ecuador-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-release-549701)

## Other formats

- [Markdown version](/en/publications/cr/issues/2024/05/31/ecuador-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-release-549701/index.md)
- [Structured JSON version](/en/publications/cr/issues/2024/05/31/ecuador-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-release-549701/index.json)
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## Bibliographic details
- Published: May 31, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400277542.002

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### Program request and scope
- Authorities requested a 48-month EFF arrangement of SDR 3 billion.
- The request follows swift and bold measures implemented in early 2024 to address fiscal and liquidity challenges.
- IMF estimates that IMF resources are needed to close a financing gap of about US$4 billion during the program period, after factoring in:
  - an ambitious and large fiscal plan,
  - financial support from international financial institutions and official bilateral partners,
  - renewed access to international capital markets.

### IMF assessment and risks
- The baseline scenario under the program is subject to substantive risks, stemming from both external and domestic factors.
- IMF assesses that the policy program provides a reasonably strong prospect of success.
- The assessment notes broad support for the main objectives of the EFF arrangement and strong commitment and capacity by the authorities to take measures to ensure successful implementation.

### Key policy focus and themes
- The paper highlights an ambitious structural reform agenda to be advanced under the program.
- Subject areas covered include:
  - Anti-money laundering and combating the financing of terrorism (AML/CFT),
  - Crime,
  - Financial regulation and supervision,
  - International organization,
  - Monetary policy,
  - Public debt,
  - Revenue administration.

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## Content in this bundle

- **1ecuea2024001**
  - [1ecuea2024001 (Markdown version)](/-/media/files/publications/cr/2024/english/1ecuea2024001.pdf.md){rel="alternate" type="text/markdown"}
  - [1ecuea2024001 (PDF)](/-/media/files/publications/cr/2024/english/1ecuea2024001.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2024/05/31/ecuador-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-release-549701_