Back

LatinNews Daily - 04 July 2019

In brief: Ecuador

* The Inter-American Development Bank (IDB) has approved a US$300m loan to Ecuador, with a repayment period of 20 years, a six-year grace period, and an interest rate based on Libor. This is part of the US$1.72bn that the IDB has earmarked for the country until 2021. These IDB resources support Ecuador’s fiscal stability, sustainable growth, and social development. In a press release, Ecuador’s economy & finance minister, Richard Martínez, commented that this loan is a further sign of the increasing international confidence in the country and notes that the IDB has been one of the main financers of Ecuador’s development.

End of preview - This article contains approximately 102 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.