RIO DE JANEIRO, BRAZIL - Some US$800 billion should be released to Ecuador in the coming weeks and the other US$700 billion by December, pending further IMF review, according to Finance Minister Simón Cueva.
Cueva would not provide details on the negotiation, arguing that the
agreement still needs to be passed by the IMF board, something that should
happen by the end of September.
The IMF agreement also unblocks Ecuador's negotiations with other international organizations such as the World Bank and the Andean Development Cooperation, according to the Minister.
"These agreements should amount to US$4.5 . . .