Ecuador in discussions with IMF for reconstruction funds after earthquake

Posted on May 15, 2016 • Filed under: Earthquake, Economy, Ecuador reported Ecuador is negotiating credit lines to finance reconstruction after this month’s devastating earthquake with multilateral agencies that include the International Monetary Fund, a government official said on Thursday.

The Andean nation has already opened an emergency credit with multilateral agencies including the World Bank and the Inter-American Development Bank for about $600 million, and plans to continue seeking additional financing. An IMF official on Wednesday said Ecuador had requested a credit line, without offering details. Read Article

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