World Bank Approves $750 Million Loan for Ecuador's Economic Reform
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The World Bank has approved a $750 million budget support operation for Ecuador to strengthen macroeconomic stability, consolidate public finances, and promote private investment. The loan aims to improve fiscal sustainability through more efficient public spending, strengthen social transfers, and better manage fiscal revenues and risks. It also seeks to enhance the investment climate, expand access to financing for businesses, and encourage private sector participation. The World Bank estimates that the reform package could create over 180,000 additional jobs by 2031.
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