A new one External financing Entered Budget Of Condition. This is a 700 700 million Credit Freely available, that World Bank Approved this Tuesday, February 1, 2022.

The multilateral body noted that these resources would be served to support the effort Government To mitigate the effects of the crisis Covid-19 And encourages growth, inclusion, creation Work And Climate resilience.

New Debt Has a term of 16.5 years and a Grace period Five years.

The authorized operation is the first of three series Debt Which will be served for Government Can continue Policy implementation To reach Financial stabilityPromoting its creation Work Y. To protect To the most risky people.

This will help strengthen and meet low-carbon development Promise The country has acquired to achieve carbon neutrality by 2050.

Of these, d Participation Private sector Financing From Renewable energy Not conventional (NCRE).

The Minister of Economy and Finance, Simon Cueva, stressed that with support World Bank It will be possible to move forward in the economic recovery of the country, create more sources of employment and reduce the level of poverty.

In its strategy Financing From Ecuador To maximize the support of multilateral companies for this year that give credit to the country in favorable conditions, Cueva said.



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