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EC-L1255 : Emergency Program for Macroeconomic Sustainability and Prosperity
Project Status: Closed
The objective of the program is to support government actions to: (i) reestablish macroeconomic stability; (ii) restore fiscal sustainability; (iii) strengthen the institutional framework for the Central Bank; and(iv) safeguard social expenditure in support of the vulnerable population. The structure and content of the program are aligned with the recently approved Extended Fund Facility (EFF) arrangement with the IMF.The program is structured under the Special Development Lending (SDL) modality with the sole operation to be disbursed ina single tranche.
Project Detail
Project Number
EC-L1255
Project Country
Ecuador
Project Sector
REFORM / MODERNIZATION OF THE STATE
Project Subsector
FISCAL POLICY FOR SUSTAINABILITY AND GROWTH
Project Type
Loan Operation
Project Lending Type
SG
Project Modality
SDL_S (Single Tranche SDL)
Project Facility Type
Environmental and social impact category
B13
Project Status
Closed
Operation Number
4771/OC-EC
Financial Information
Project Number
EC-L1255
Project Status
Closed
IDB Financing
Financing type
EME
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Mar/30/2023
Roles & Responsibilities
Contract signature date
May/24/2019
Project Information
Total Cost
USD 500,000,000
Country counterpart financing
USD 0
Amount
USD 500,000,000
Approved
Title
Type
Project Number
Date Published
Loan Contract
EC-L1255
May 29, 2019
Loan Contract
EC-L1255
May 29, 2019
Loan Contract
EC-L1255
May 29, 2019
Loan Proposal
EC-L1255
April 17, 2019
Loan Proposal
EC-L1255
April 17, 2019
Loan Proposal
EC-L1255
April 17, 2019
Loan Proposal
EC-L1255
April 17, 2019