Ecuador: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

Ecuador successfully regained access to international capital markets in early 2026, and the authorities remain committed to the implementation of their economic program, supported by the Extended Fund Facility (EFF) arrangement of SDR 3.75 billion (537.5 percent of quota, about US$5 billion) approved by the Executive Board in May 2024 and augmented in July 2025. The authorities are strengthening fiscal sustainability and liquidity buffers, including by implementing revenue and expenditure reforms alongside targeted measures to protect vulnerable groups. They are also making important progress on their structural reform agenda.