Ecuador central bank doubles BIS credit line

Central bank to treat funds as precautionary to deal with a future downturn

Central Bank of Ecuador museum
Rachael King

The Central Bank of Ecuador has doubled its emergency credit line with the Bank for International Settlements, said governor Guillermo Avellan.

As a result of the increase, the line stands now at $840 million. The institution intends to treat these resources as precautionary to deal with a future economic downturn, said Avellan in an interview with Bloomberg.

The official said these resources will also serve to underpin the central bank’s independence, following years in which previous

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account