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LatinNews Regional Monitor: Andean Group - 26 April 2019

In brief: Ecuador

* Ecuador’s economy & finance minister, Richard Martínez, has announced that the Inter-American Development Bank (IDB) has approved a US$500m loan for Ecuador’s prosperity plan which as its objectives, economic recovery and sustained growth, poverty reduction, and protection of the most vulnerable sectors. The amount is part of a US$10.2bn financial support from the international community announced on 21 February 2019, of which the IDB is contributing a total of US1.71bn.