LatinNews Daily - 10 November 2026

*The International Monetary Fund (IMF) has reached a staff-level agreement with Ecuador’s government on a set of policies and reforms needed to complete the sixth review under Ecuador’s US$5bn Extended Fund Facility (EFF). A staff-level agreement was also reached on an 18-month Resilience and Sustainability Facility (RSF) which will give Ecuador access to around US$710m. An IMF statement said that “program performance under the EFF has been strong” and that all quantitative performance criteria for the sixth review were met, many of them by large margins. It said that “the authorities have made notable progress in achieving macroeconomic stability, rebuilding buffers, and enhancing resilience” and that “following a strong economic recovery in 2025, real GDP growth remained robust at 2.1 percent in the first half of 2026 and is projected at 2.7 percent in 2026, supported by consumption, investment, and non-oil exports”. Meanwhile, the current account balance is projected to “remain in a sizable surplus” of 4.6% of GDP in 2026, supported by a sustained non-oil trade surplus that has left international reserves at “historic highs”. The proposed RSF, which needs approval from the IMF’s executive board, will focus on three pillars: building resilience and reducing external risks in the energy sector; reducing social and economic vulnerability to natural disasters, and strengthening climate governance and sustainable finance.