Ecuador receives $800 million for local infrastructure
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The Banco Mundial will provide $800 million to municipalities and prefectures in Ecuador over ten years to improve infrastructure and services.
This multi-stage program began with an initial investment of $200 million, supplemented by $50 million from the Agencia Española de Cooperación Internacional para el Desarrollo (AECID), a Spanish development agency. The funding will focus on urban development, disaster risk management, energy, and transportation, while also strengthening technical planning and project development within local governments and public companies.
The Banco de Desarrollo del Ecuador B.P. (BDE B.P.) will manage the funds, offering credit to decentralized autonomous governments and public companies. Officials expect the program to benefit over three million people nationwide by improving basic services, energy access, affordable housing, connectivity, and sustainable mobility. Beyond the direct investment, the program aims to attract up to $750 million in additional funding from the private sector to support territorial projects.
The total mechanism will unfold in three phases over the next decade, each combining technical assistance with financial resources. Carlos Rivera of the BDE B.P. stated that the funds will expand the capacity to support municipalities and improve essential services, quality of life, and climate change resilience.
