IDB Approves $400 million Loan to Strengthen the State's Prevention and Response to Organized Crime in Ecuador
Ecuador, June 26 -- The Inter-American Development Bank (IDB) has approved a $400 million loan to Ecuador to strengthen the country's institutional capacity to prevent and tackle criminal violence and illicit financial flows. This programmatic policy-based loan addresses growing insecurity in a country where the homicide rate has risen from 7 to 39 per 100,000 inhabitants between 2020 and 2024, an increase of over 400%. The program lays out a comprehensive, cross-sector, and evidence-based response that includes new regulatory frameworks, channels for inter-institutional coordination, intervention strategies, and tools for tracing and controlling illicit assets.The "Program for Institutional Strengthening to Prevent and Address Violence and...
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