Ecuador approves contingent credit line

Flar offers up to $230 million to Central Bank of Ecuador

Central Bank of Ecuador
Central Bank of Ecuador

Ecuadorian authorities have formally accepted a contingent credit line from the Latin American Reserve Fund (Flar).

The vice-minister of the economy, Daniel Eduardo Lemus, confirmed to Central Banking that the country’s debt and finance committee had approved the credit.

The Central Bank of Ecuador will be able to access the credit line in case of need. Lemus said the credit line had a ceiling of $230 million, adding the central bank could activate the line if stress levels become high enough

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