*Ecuador’s economy and finance ministry has announced that the World Bank has approved US$1.1bn in finance for the country. This consists of US$900m aimed at strengthening fiscal sustainability, growth, job creation, and protection of vulnerable families, and US$200m aimed at managing climate risks, which will enable Ecuador to immediately access funds in the event of natural disasters or epidemics. This follows a 26 November announcement from the Inter-American Development Bank (IDB) that it has approved a US$1bn Conditional Credit Line for Investment Projects (CCLIP) aimed at boosting electricity supply in Ecuador. The IDB approved an initial disbursement of US$270m, along with a US$30m loan from its clean technology fund, which aims to improve the reliability and capacity of Ecuador’s electricity transmission system. Ecuador has been intermittently affected by severe
electricity shortages over the last two years which have at times forced the government to resort to energy rationing.
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