The conditions under which a country can access a multilateral international loan financed by the IMF are very demanding. On many occasions, several countries that have made the decision to borrow, while trying to comply with the conditions, have gone into bankruptcy, while others have tried to provide constant stability on the basis of the conditions imposed by the IMF. Therefore, the present study seeks to determine the socio-legal and financial impact produced by the external debt contracted through agreement between the IMF and Ecuador, studying approximately from 2017 to 2023. The realization of this research was possible in measure of the use of several methods such as the inductive-deductive, plus the analytical-synthetic that, starting from a qualitative approach and descriptive documentary type of research, it was prudent the collection of bibliographic sources of information, which determined as results the existence of evident impacts both positive and negative, predominating the negative characteristic in the socio-legal and financial areas that are part of the content of the study. Concluding, in the need for the creation of measures that adjust to the requirements of the citizenship based on their fundamental rights.