Ecuador, Dec. 11 -- The Executive Board of the Inter-American Development Bank (IDB) approved an investment guarantee of $250 million to support the program "Social Housing Financing in Ecuador II", aimed at reducing the housing deficit and improving access to housing for middle-income households in the country.The operation will mobilize additional resources through a financial structure that combines sovereign debt with mortgage securitization mechanisms. The funds generated by issuing the sovereign instrument backed by the IDB guarantee will be channeled into mortgage loans through intermediary financial institutions, using an execution mechanism developed for the operation. The plan is expected to generate a US$1 billion mortgage portfo...