The Central Bank of Ecuador announced that it has increased the total capacity available under letters of credit provided by investment-grade international financial institutions to USD 1.710 billion, expanding a facility used by non-financial public sector entities to make import payments. The service is intended to facilitate payments for imports of materials, spare parts and products including fuel and domestic gas for household and industrial consumption. The central bank stated that letters of credit support foreign trade operations by streamlining payment management and reducing pressure on the national treasury and international reserves, and reported that the overall quota rose from USD 966 million in June 2021 to USD 1.710 billion in June 2025.
Central Bank of Ecuador 2025-06-12
Central Bank of Ecuador raises investment grade letters of credit capacity to USD 1.710 billion
The Central Bank of Ecuador has raised the capacity of letters of credit from investment-grade international financial institutions to USD 1.710 billion, up from USD 966 million in June 2021. This expansion aids non-financial public sector entities in import payments for materials, spare parts, and products like fuel and domestic gas. The initiative aims to streamline payment management and alleviate pressure on the national treasury and international reserves.