Warm China and IMF Relations Reward Ecuador, Finance Chief Says
- Ecuador’s upcoming IMF disbursal could top $700 million
- Nation seeking to extend maturities on its China debt
This article is for subscribers only.
Ecuador’s warm relations with two of its biggest creditors are likely to lead to a bigger disbursement from the International Monetary Fund this quarter and easier repayment terms on its debt with China, Finance Minister Simon Cueva said.
Ecuador may get “a bit more” than the $700 million originally expected from the IMF this quarter, Cueva said. By the end of the year, the nation will have finished implementing the reforms it agreed under its $6.4 billion IMF deal, and will explore a possible new program with the fund, he added.