The fifth revision of the $5 billion credit targets still requires approval from the IMF's Board of Directors
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The technical team of the International Monetary Fund (IMF) reported that it reached an agreement with Ecuador on the fifth revision of goals within the USD 5 billion credit program to which the Government of Daniel Noboa. The first disbursement in 2026 would amount to USD 394 million, subject to approval by the IMF Board of Directors
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The credit program, known as the IMF Expanded Service (SAF), is valid for 48 months and will end in 2028. Since May 2024, Ecuador has already received USD 3.33 billion from the Fund.
International Monetary Fund (IMF)
According to Patrizia Tumbarello, representative of the IMF, “IMF staff have reached an agreement with the Ecuadorian authorities on the Fifth Review... It is expected to be reviewed by the Executive Board in the coming weeks.”
The agency highlighted that Ecuador's real GDP rebounded in 2025, driven by the recovery of domestic demand and the dynamism of non-oil exports. In addition, rising international oil prices are expected to improve the country's fiscal situation and external position
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The IMF also valued the measures taken by the Government to rationalize tax expenditures, strengthen fiscal revenues and improve the efficiency of public spending, as well as compliance with key structural indicators on the mining sector and the fight against money laundering and terrorist financing.
