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LatinNews Regional Monitor: Andean Group - 25 February 2019

Ecuador: IMF confirms progress towards loan deal

Following a series of talks between the International Monetary Fund (IMF) and the Ecuadorian authorities, a formal loan deal looks likely in the coming months. Although this will provide support for ongoing fiscal consolidation, financing needs will remain large, explaining the late-January issuance of US$1bn in fresh (and fairly costly) debt.

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