LatinNews Daily - 15 December 2022

* The executive board of the International Monetary Fund (IMF) has approved the delivery of the final US$700m of Ecuador’s US$6.5bn extended fund facility (EFF) arrangement, which was entered into by former president Lenín Moreno (2017-2021) in 2020 and extended by President Guillermo Lasso in 2021. An IMF statement said that the 27-month EFF “has helped stabilise the economy, strengthened fiscal and debt sustainability, bolstered the foundations of the dollarisation regime, expanded the coverage of social assistance programmes to protect the vulnerable, promoted a transparent and more efficient management of public resources, and laid the foundations for sustainable and inclusive growth.”

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