On July 7, 2025, Ecuador announced an agreement with Italy for a $10 million debt-for-security swap. The funds will be directed towards security programs within Ecuador.
Presidential spokesperson Carolina Jaramillo stated that 40% of the funds will equip the National Police. The remaining funds will support cooperation initiatives in security, including support for prosecutors, the penitentiary system, and mechanisms to prevent money laundering.
This agreement follows President Daniel Noboa's recent international tour, which included visits to China, Spain, and Italy. The goal was to strengthen bilateral relations and attract cooperation for key areas of national development. Ecuador was also included in the "Decreto Flussi" 2026-2028, an Italian migration regulation that allows regular entry of non-EU workers.
The implementation of this agreement will be under joint supervision and with transparency. The Ministry of Foreign Affairs and the Presidency will report on execution deadlines, responsible institutions, and resource control mechanisms after the President's return.