LatinNews Daily - 30 May 2025

*Ecuador’s President Daniel Noboa has met with representatives from the World Bank (WB), the International Finance Corporation (IFC), and the Inter-American Development Bank (IDB). According to a government statement, these entities “reaffirmed their support for the country’s progress and their willingness to continue with technical and financial support”. The WB’s vice president for Latin America and the Caribbean, Carlos Jaramillo, pledged further cooperation, particularly in the areas of education and the fight against malnutrition, noting that “the country is rising ever higher up the international rankings for job creation and attracting investment”. The IFC’s vice president for Europe and Latin America, Alfonso García Mora, emphasised the need for the Noboa administration to continue with its economic reforms in order to deliver “a strong private sector that generates employment and provides private capital”. The meeting followed discussions earlier this month between the Noboa administration and the International Monetary Fund (IMF), the WB and the IDB, which were aimed at improving Ecuador’s access to finance, and came after the Latin American development bank (CAF) approved a loan of US$416m on 28 May to boost Ecuador’s fiscal stability.

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