Ecuador gets $364 mn in emergency support from IMF

The money will help the country steady its finances while it addresses the huge losses from the quake, which killed some 700 peopleThe International Monetary Fund said Friday it approved a $364 million emergency loan to Ecuador after the country was hard-hit by an earthquake in April. “The April 16 earthquake that hit Ecuador caused significant humanitarian losses and damage to infrastructure, housing, and agriculture,” said IMF Deputy Managing Director Min Zhu in a statement.

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