IMF Approves $4 Billion Deal for Ecuador in Boost for Noboa
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The International Monetary Fund approved a $4 billion lending agreement for Ecuador, boosting President Daniel Noboa’s bid to put public finances on a stable footing as he confronts a security crisis.
The IMF’s Executive Board cleared the Extended Fund Facility for the next four years, it said in a statement Friday. The deal had already been agreed at the staff level last month.