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LatinNews Daily - 03 August 2021

In brief: IMF begins review of Ecuador’s economy and debt

* An International Monetary Fund (IMF) mission has begun its annual review of Ecuador’s economy and debt, which will also analyse the impact of the US$6.5bn Extended Fund Facility (EFF) credit agreement signed with the country in September 2020. The IMF mission is headed by the economist Ceyda Oner, and will spend August conducting a series of technical meetings with government institutions, the private sector, and civil society representatives, according to a statement by Ecuador’s economy & finance ministry. The ministerial statement added that the government and the IMF will discuss Ecuador’s recovery from the economic impact of the coronavirus (Covid-19) pandemic, and that “advances and agreements reached with the multilateral organisation” will be communicated at a later date.

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