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TECHNICAL SUPPORT FOR DEBT CONVERTION

Ecuador

€ 908,302
Committed
€ 886,977
Used

Agency

Italian Agency for Development Cooperation (DGCS until 2015)

Channel reported

AICS

Description

During the last decade, the activities of the Italo-Ecuadorian Fund (IEF) have been the cornerstone of the Italian Cooperation in Ecuador. The External Debt Conversion Programme started in 2003 when Italy and Ecuador signed a bilateral agreement to earmark the Ecuadorian debt for Social and Economic Development Projects. In such a framework, it has been founded the similar-value IEF: an organ whose functions are administrating, monitoring and supervising the resources connected to the original debt. The Technical Assistance Programme aims to guarantee a more efficient use of the financial resources risen from the debt conversion, by means of financing studies and development projects in order to better fight poverty and boost small industries in Ecuador. read more close

Year Committed Used
2016 € 3,078 € 30,377
2015 € 87,756 € 94,941
2014 € 86,960 € 67,090
2013 € 83,640 € 87,420
2012 € 51,120 € 45,290
2011 € 46,990 € 67,952
2010 € 99,642 € 82,460
2009 € 125,802 € 119,301
2008 € 193,611 € 187,183
2007 € 129,702 € 104,964

Project data

  • Expected start date 07/06/2007
  • CRSID2010060429
  • Purpose I.5.a. Government & Civil Society-general, Total
  • Finance type Aid grant excluding debt reorganisation
  • Flow type ODA Grants
  • Bi/Multilateral Bilateral
  • Free Standing Technical Cooperation