The 7.8-magnitude earthquake hit Ecuador on April 16, around 100 miles west of Quito, the capital city — where it was felt. More than 650 people were killed and around 16,600 injured, according to Reuters, citing Ecuador's emergency management authority.
Smaller quakes then hit the region, including a powerful 6.0-magnitude one on April 20.
Ecuador's President, Rafael Correa, has estimated the cost of damage at $3 billion or 3 percentage points of the country's gross domestic product, according to political risk consultancy, Teneo Intelligence.
This poses a huge challenge for the upper-middle income country, which is has been hit by greatly reduced oil revenues. It is a member of oil-producing cartel OPEC and exports around 422,000 barrels a day.
Correa was originally reticent about tapping the IMF for aid. Loans from the body tend to be subject to economic conditions that are sometimes unpalatable for leaders.