LatinNews Daily - 22 May 2025

*Ecuador’s economy and finance ministry has announced that representatives from the International Monetary Fund (IMF), the World Bank (WB), and the Inter-American Development Bank (IDB) have arrived in the country for talks with President Daniel Noboa’s government as it begins its new term in office on 24 May. The economy and finance ministry stated that the IMF’s new mission chief for Ecuador, Patrizia Tumbarello, will hold conversations about a planned second review of the IMF’s agreement with Ecuador. The statement said that WB officials will discuss a finance deal aimed at boosting employment and fiscal resilience, while an IDB delegation will “discuss the funding of a programme for economic resilience, growth, and productivity, which will strengthen the national capacity to face external shocks, drive greater economic growth, and improve productivity”. Ecuador’s country risk, which measures the uncertainty associated with investing, has fallen sharply since Noboa convincingly defeated the left-wing Luisa González in the 13 April presidential second round. Country risk, which stood at 1,844 points on 13 April, stood at 1,009 points yesterday, as measured by the central bank.

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