The program, designed under the Special Development Financing (SDL) modality, is structured under a single loan operation that will be disbursed in two tranches.

The Inter-American Development Bank (IDB) has approved a loan of US$500 million (458 million euros) to facilitate the macroeconomic stability of Ecuador, strengthening fiscal sustainability and the stability of the money market.

Ecuador's 'Macroeconomic Stability Support Program', approved by the IDB's executive board, will contribute to meeting short-term financing needs and stabilizing the country's macroeconomy, safeguarding social protection. This operation will support the government's efforts in its program with the International Monetary Fund (IMF).

The program, designed under the Special Development Financing (SDL) modality, is structured under a single loan operation that will be disbursed in two tranches.

This $500 million loan has a repayment term of seven years and a grace period of three years and an interest rate based on SOFR plus 1.15%, plus the margin applicable for loans from the Bank's Ordinary Capital.