IMF programs advance fiscal stability in Guinea and Ecuador

The International Monetary Fund (IMF) has reached an agreement with the Guinean government for an economic and financial program supported by the Extended Credit Facility. This arrangement is expected to provide Guinea with approximately $425 million (310.59 million in Special Drawing Rights), to be disbursed progressively over 41 months based on the achievement of specific objectives. The pact, which awaits formal approval from the IMF Board in September, is viewed as a step toward economic normalization following the country's return to constitutional order.

In Ecuador, the government is continuing its fiscal consolidation process under an IMF Extended Fund Facility agreement. Despite missing some fiscal targets earlier in the period, the country secured approval for a fifth review in April after implementing corrective measures. Data from the first half of the year shows a public sector fiscal surplus of $616 million, a significant improvement from the deficit recorded during the same period in 2025. This improvement is driven by a 22.4% increase in public revenue and a primary fiscal surplus that reached $2.87 billion.