Ecuador: Second Fiscal Consolidation and Competitive Growth Adjustment Loan

WASHINGTON, - The following project was approved today by the World Bank’s Board:

IBRD LOAN AMOUNT: $100 million

TERMS: Grace period =  5 years; Maturity = 17 years

PROJECT DESCRIPTION: This project will support the Government’s reform program for fiscal consolidation, sustainable debt management, and higher economic growth and competitiveness.  For more information, please call Alejandra Viveros  at (202) 473-4306, or e-mail: aviveros@worldbank.org For project information documents, please visit: http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P083856