Ecuador inks $4.2 billion financing deal with IMF: Moreno
by Alexandra Valencia
Posted April 13, 2019
Ecuador has reached a $4.2 billion staff-level financing deal with the International Monetary Fund (IMF), President Lenin Moreno said on Wednesday, as the Andean country grapples with a large fiscal deficit and heavy external debt.
The country will also receive $6 billion in loans from multilateral institutions including the World Bank, the Inter-American Development Bank, and the CAF Andean development bank, Moreno said in a message broadcast on national television and radio.
Ecuador’s sovereign bonds surged last week after the IMF confirmed it was engaged in formal talks with Moreno over a possible financial arrangement. Staff-level agreements between the IMF and member countries are subject to approval by the Washington-based lender’s executive board. More…
Ecuador inks a huge load from the Washington based IMF and President Moreno allows British police to enter his embassy to arrest Assange.
Just trying to connect the dots, could there be any possibility that these two events are related?