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  HOME | Ecuador (Click here for more)

Ecuador Receives $3.4 Billion in Foreign Support so far in 2015

QUITO -- Ecuador has received $3.4 billion in disbursements from abroad so far in 2015, according to the government.

The figures come from Ecuador's Finance Ministry, which has just released its external debt report with data through July 2015.

According to the report, the inflows include $1.2 billion from international organizations, $0.5 billion from governments, and $1.7 billion from international financial markets.

Aside from external debt disbursements, the government has also received around $1.4 billion through oil pre-sales, including $0.9 billion from China and $0.5 billion from Thailand. However, these disbursements are not included in the external debt report, since the government does not account for them as debt.

Including those, the government has now received close to $5bn in external funds to cover its financing needs, which analysts estimate at $9.5 billion in 2015.

Ecuador is hoping for other support rom China and multilaterals, and the domestic market, to help the government complete this year’s financing.


 

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