Emergency Program for Macroeconomic Sustainability and Prosperity
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

Country

Ecuador

Project Number

EC-L1255

Approval Date

April 24, 2019

Project Status

Closed

Project Type

Loan Operation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Financiamiento Especial para el Desarrollo

Lending Instrument Code

SDL

Modality

SDL_S (Single Tranche SDL)

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B13: Uncategorized Directive B.13

Total Cost

USD 500,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 500,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
4771/OC-EC Sovereign Guaranteed USD - United States Dollar Ordinary Capital Emergency Financing
Operation Number 4771/OC-EC
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Emergency Financing

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-48396
Loan Contract
Emergency Program for Macroeconomic Sustainability and Prosperity.pdf
May. 29, 2019
English
https://www.iadb.org/document.cfm?id=EZSHARE-1970849251-28
Loan Proposal
Medios de Verificación (EC-L1255).pdf
Apr. 17, 2019
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1970849251-4
Loan Proposal
Copia del Acuerdo de Préstamo aprobado por el FMI (carta de intención y Memorando de Entendimiento).pdf
Apr. 17, 2019
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1970849251-41
Loan Proposal
Carta de Política (EC-L1255).pdf
Apr. 17, 2019
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1970849251-44
Loan Proposal
La eficiencia del gasto de inversión pública en América Latina (EC-L1255).pdf
Apr. 17, 2019
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1970849251-45
Loan Proposal
Ecuador. Loan proposal for the Emergency Program for Macroeconomic Sustainability and Prosperity”.pdf
Apr. 17, 2019
English
https://www.iadb.org/document.cfm?id=EZSHARE-1970849251-46
Loan Proposal
Ecuador. Propuesta de préstamo para el Programa de Emergencia para la Sostenibilidad Macroeconómica y la Prosperidad”.pdf
Apr. 17, 2019
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-6297
Loan Contract
Contrato - Programa de Emergencia para la Sostenibilidad Macroeconómica y la Prosperidad.pdf
May. 29, 2019
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-48395
Loan Contract
Programa de Emergencia para la Sostenibilidad Macroeconómica y la Prosperidad.pdf
May. 29, 2019
Spanish

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