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July 30, 2014
January 25, 2008
January 25, 2006
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Article IV Staff Reports



Projected % Change
   2014  2015
Real GDP 4.2 3.5
Consumer Prices 2.8 2.6
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Ecuador: Financial Position in the Fund

Transactions with the Fund


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Ecuador and the IMF
Updated August 20, 2014

The last Article IV Executive Board Consultation was on July 30, 2014. Listed below are items related to Ecuador, in reverse chronological order (you can also view items by category).

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August 20, 2014 -- New Press Release: IMF Executive Board Concludes 2014 Article IV Consultation with Ecuador
May 28, 2014 -- Press Release: Statement by IMF Deputy Managing Director Min Zhu on the Resumption of Article IV Consultations with Ecuador
April 11, 2014 -- IMFC Statement by Mr. Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Cabo Verde, Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Democratic Republic of Timor-Leste, Trinidad and Tobago. PDF File Size: 103Kb
March 26, 2014 -- Press Release: IMF Executive Board Holds Informal Briefing on Ecuador
February 01, 2014 -- List of IMF Member Countries with Delays in Completion of Article IV Consultations or Mandatory Financial Stability Assessments Over 18 Months
Subject: Article IV consultations | Financial system stability assessment | Executive Board discussion postponement | Notification of delay
October 12, 2013 -- IMFC Statement by the Honorable Alexandre Tombini, Governor, Central Bank of Brazil
On behalf of: Brazil, Cabo Verde, Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Democratic Republic of Timor-Leste, Trinidad and Tobago. PDF File Size: 227Kb
July 18, 2013 -- List of IMF Member Countries with Delays in Completion of Article IV Consultations or Mandatory Financial Stability Assessments Over 18 Months
Subject: Article IV consultations | Financial system stability assessment | Executive Board discussion postponement | Notification of delay
April 20, 2013 -- IMFC Statement Guido Mantega, Minister of Finance, Brazil
On behalf of: Brazil, Cabo Verde, Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Democratic Republic of Timor-Leste, Trinidad and Tobago. PDF File Size: 142Kb
November 27, 2012 -- Press Release: IMF Holds Informal Board Briefing on Ecuador
October 13, 2012 -- IMFC Statement by Mr. Guido Mantega Minister of Finance, Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 368Kb
April 21, 2012 -- IMFC Statement by Mr. Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 335Kb
September 24, 2011 -- IMFC Statement by Mr. Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 101Kb
April 16, 2011 -- IMFC Statement by Guido Mantega, Minister of Finance, Ministerio da Fazenda, Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 336Kb
October 09, 2010 -- IMFC Statement by Guido Mantega, Minister of Finance, Ministerio da Fazenda, Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 282Kb
October 08, 2010 -- Statement by the Hon. Katiuska King Mantilla, Alternate Governor of the World Bank Group for Ecuador
PDF File Size: 557Kb
April 24, 2010 -- IMFC Statement by Guido Mantega Minister of Finance, Ministerio da Fazenda Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 329Kb
October 06, 2009 -- Statement by the Hon. Gustavo Diego Borja Cornejo, Alternate Governor of the IMF for Ecuador, at the Joint Annual Discussion
PDF File Size: 270Kb
October 04, 2009 -- IMFC Statement by the Honourable Guido Mantega
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 293Kb
April 25, 2009 -- IMFC Statement by Mr. Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 197Kb
December 18, 2008 -- Transcript of Regular Press Briefing by Caroline Atkinson, Director, External Relations Department
October 11, 2008 -- IMFC Statement by Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 343Kb
April 12, 2008 -- Transcript of a Press Briefing on the Regional Outlook for the Western Hemisphere by Anoop Singh, Director of the Western Hemisphere Department
April 12, 2008 -- IMFC Statement by Mr. Guido Mantega Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 292Kb
February 28, 2008 -- Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with Ecuador
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
October 20, 2007 -- IMFC Statement by Guido Mantega, Minister of Finance, Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 176Kb
February 01, 2007 -- Transcript of a Press Briefing by Masood Ahmed, Director, External Relations Department, IMF
January 16, 2007 -- Transcript of Press Conference by IMF Managing Director, Rodrigo de Rato
October 05, 2006 -- Transcript of a Press Briefing by Masood Ahmed, Director, External Relations Department, IMF
September 17, 2006 -- IMFC Statement by Mr. Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 218Kb
September 16, 2006 -- Transcript of a Press Briefing on the IMF Latin America and the Caribbean Regional Economic Update
May 23, 2006 -- Transcript of an IMF Book Forum -- Pragmatisn: Latin America's New 'Ism'?
March 27, 2006 -- IMF Survey:
MD meets SSA leaders; ART. IV: Belgium, Ecuador, Finland, Nepal; U.K. policy frameworks; Ghana: quasi-fiscal activities; Africa and Doha Round; euro area product markets; ASI: FDI; prescriptions for financial stability PDF File Size: 822Kb
March 10, 2006 -- Ecuador: 2005 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ecuador
Series: Country Report No. 06/98
March 10, 2006 -- Ecuador: Selected Issues
Series: Country Report No. 06/103
February 09, 2006 -- Public Information Notice: IMF Executive Board Concludes 2005 Article IV Consultation with Ecuador
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
November 18, 2005 -- Press Release: Statement by an IMF Staff Mission to Ecuador
October 13, 2005 -- Global Context and Regional Outlook for Latin America and the Caribbean, Presented by Anoop Singh, Director, Western Hemisphere Department, IMF
At a symposium sponsored by the Banco de la Republica, Bogota, Colombia
September 23, 2005 -- Transcript of a Press Briefing on Latin America and the Caribbean
July 01, 2005 -- Haircuts: Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005
Author/Editor: Sturzenegger, Federico | Zettelmeyer, Jeromin
Series: Working Paper No. 05/137
June 23, 2005 -- Transcript of a Press Briefing with Thomas Dawson, Director of External Relations Department, IMF
June 04, 2005 -- Press Release: Statement by IMF Staff Mission to Ecuador
April 27, 2005 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
February 17, 2005 -- Press Release: IMF Managing Director Rodrigo de Rato's Statement at the Conclusion of his Visit to Ecuador
February 16, 2005 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
August 12, 2004 -- Public Information Notice: IMF Concludes 2004 Article IV Consultation with Ecuador
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
June 08, 2004 -- Transcript of an IMF Book Forum, Does the IMF always prescribe fiscal austerity? Are targets too tight?
May 19, 2004 -- Press Release: IMF Extends Ecuador's Stand-By Arrangement Repayment Expectation Dates
February 26, 2004 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
January 28, 2004 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
January 01, 2004 -- How Private Creditors Fared in Emerging Debt Markets, 1970-2000
Author/Editor: Klingen, Christoph | Weder, Beatrice | Zettelmeyer, Jeromin
Series: Working Paper No. 04/13
January 01, 2004 -- The Late 1990s Financial Crisis in Ecuador: Institutional Weaknesses, Fiscal Rigidities, and Financial Dollarization at Work
Author/Editor: Jácome, Luis Ignacio
Series: Working Paper No. 04/12
August 08, 2003 -- Ecuador: First Review Under the Stand-By Arrangement and Requests for Modifications and Waiver of Nonobservance and Applicability of Performance Criteria -- Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director of Ecuador
Series: Country Report No. 03/248
August 01, 2003 -- Press Release: IMF Completes First Review of Ecuador's Stand-By Arrangement, Approves US$42 Million Disbursement and Grants Waivers
July 31, 2003 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
July 23, 2003 -- Ecuador -- Letter of Intent, Supplement to the Memorandum of Economic Policies, and Technical Memorandum of Understanding, July 23, 2003
This Letter of Intent of the government of Ecuador describes the policies that Ecuador intends to implement in the context of its request for financial support from the IMF.
July 17, 2003 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
May 19, 2003 -- Press Release: Press Statement by IMF First Deputy Managing Director in Ecuador on May 16, 2003
May 02, 2003 -- Latin America and the Caribbean: Building a Sustainable Recovery, Speech by Anoop Singh, Director of the Western Hemisphere Department, IMF
Prepared text for remarks at the 21st Annual Journalists and Editors Workshop on Latin America and the Caribbean, Miami
April 29, 2003 -- Transcript of an IMF Economic Forum: Does IMF Fiscal Policy Advice End Up Hurting The Poor?
April 22, 2003 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
April 07, 2003 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with Ecuador
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 07, 2003 -- Ecuador: 2003 Article IV Consultation, Request for a Stand-By Arrangement, and Approval of an Exchange Restriction--Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ecuador
Series: Country Report No. 03/90
April 07, 2003 -- Ecuador: Selected Issues and Statistical Appendix
Series: Country Report No. 03/91
March 21, 2003 -- Press Release: IMF Approves US$205 Million Stand-By Arrangement for Ecuador
March 14, 2003 -- Ecuador: Report on Observance of Standards and Codes -- Data Module; Response by the Authorities; and Detailed Assessment Using Data Quality Assessment Framework
Series: Country Report No. 03/74
March 13, 2003 -- Ecuador -- Supplementary Letter of Intent, March 13, 2003
This Letter of Intent of the government of Ecuador describes the policies that Ecuador intends to implement in the context of its request for financial support from the IMF.
February 10, 2003 -- Ecuador -- Letter of Intent, Memorandum of Economic Policies, and Technical Memorandum of Understanding, February 10, 2003
This Letter of Intent of the government of Ecuador describes the policies that Ecuador intends to implement in the context of its request for financial support from the IMF.
February 10, 2003 -- Press Release: IMF Managing Director Meets Ecuadorian President Lucio Gutiérrez
January 31, 2003 -- Ecuador -- Concluding Statement of the IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
January 31, 2003 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
Good morning, everyone. I'm Tom Dawson, Director of External Relations at the IMF, and this is another of our regular press briefings. As is standard, the briefing will be embargoed until approximately 15 minutes after conclusion, and we'll set a precise time at that point.
January 22, 2003 -- Transcript of an IMF Economic Forum: A New Approach to Sovereign Debt Restructuring: An IMF Proposal
January 16, 2003 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, IMF External Relations Department
This is another of our regular press briefings. Before I take questions, I would like to flag a couple of events that are on the home page of our external website: the Sovereign Debt Restructuring Mechanism Conference on January 22nd and the Global Linkages Conference on January 30th and 31st. Both will be held here at Fund headquarters.
December 19, 2002 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, IMF External Relations Department
We are having discussions with the Argentine authorities on a number of issues, and this is not a headline issue of the sort that perhaps it got over the weekend.
December 05, 2002 -- Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
As you know, Managing Director Horst Köhler will be departing this evening for Brasilia for meetings with the current and future leadership of the nation.
October 24, 2002 -- Press Briefing by Thomas Dawson, Director, IMF External Relations Department
We are presently in very intensive and detailed discussions with the authorities. As you know, a team of senior Argentine authorities--officials led by Mr. Nielsen-- was in Washington until recently, and we have maintained close contact with them and the authorities since their return.
October 17, 2002 -- Sovereign Debt Restructuring: Where Stands the Debate? Speech by Jack Boorman, Special Advisor to the Managing Director of the IMF
Given at a conference cosponsored by the CATO Institute and The Economist, New York
September 28, 2002 -- IMFC Statement by Mr. Pedro Malan, Minister of Finance of Brazil, on behalf of the Constituency comprising Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, and Trinidad and Tobago
The International Monetary and Financial Committee statement on behalf of the Constituency comprising Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, and Trinidad and Tobago
August 29, 2002 -- Transcript of a Press Briefing By Thomas C. Dawson, Director, External Relations Department, IMF
This is another of our regular press briefings, although it is our first briefing since August 1st. We'll be moving back to a two-week schedule at this point now that the Executive Board recess has ended.
May 16, 2002 -- Transcript of Press Briefing, By Thomas C. Dawson, Director, External Relations Department, IMF
April 20, 2002 -- Statement by Mr. Pedro Malan, Minister of Finance of Brazil to the International Monetary and Financial Committee, Washington, D. C., April, 20, 2002
The International Monetary and Financial Committee statement on behalf of the constituency comprising Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela
December 10, 2001 -- News Brief: IMF Approves US$95 Million to Ecuador Under Stand-By Arrangement
November 17, 2001 -- Statement by Mr. Pedro Malan, Minister of Finance of Brazil, at the International Monetary and Financial Committee, Ottawa, November 17, 2001
The International Monetary and Financial Committee member for the constituency consisting of Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, and Trinidad and Tobago
June 04, 2001 -- IMF Survey:
Argentine review completed; Köhler on financial stability; Quarterly National Accounts Manual; Ecuador credit extended; Boorman to leave; interview with Carmen Reinhart; Perotti on fiscal policy; Roubini on Asian crisis; military expenditures. PDF File Size: 771Kb
May 25, 2001 -- News Brief: IMF Completes Second Ecuador Review and Approves Extension
May 23, 2001 -- Transcript of a Press Briefing by Thomas Dawson, Director, External Relations Department, IMF
In terms of Secretary O'Neill's testimony yesterday, we certainly read it with interest, and I think on the comments he made regarding the Bank, we certainly understand his views and think that we are basically on the same track.
May 14, 2001 -- Ecuador Letter of Intent, Memorandum of Economic Policies, May 14, 2001
This Letter of Intent of the government of Ecuador describes the policies that Ecuador intends to implement in the context of its request for financial support from the IMF.
May 10, 2001 -- Transcript of a Press Briefing by Thomas Dawson, Director, External Relations Department
I'd like to first mention that the IMF Research Department's latest quarterly report on emerging market financing will be released at 10:30 this morning. It covers the first quarter of the year. The report takes into account the impact of recent official rate moves by the Fed.
May 01, 2001 -- Bank Debit Taxes in Latin America - An Analysis of Recent Trends
Author/Editor: Coelho, Isaias | Ebrill, Liam P. | Summers, Victoria P.
Series: Working Paper No. 01/67
April 29, 2001 -- Statement by Mr. Pedro Malan, Minister of Finance of Brazil to the International Monetary and Financial Committee Meeting April 29, 2001
The International Monetary and Financial Committee member for the constituency consisting of Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, and Trinidad and Tobago
March 28, 2001 -- Transcript of a Press Briefing by Thomas Dawson, Director, External Relations Department
Welcome to another one of our regular press briefings
March 26, 2001 -- Resolving and Preventing Financial Crises: The Role of the Private Sector -- An IMF Issues Brief
It is important to encourage the involvement of private sector creditors in the resolution of crises, by reaching cooperative solutions to payment problems. If efforts to reach agreement on a voluntary approach are not successful, creditors may have to accept some constraint on their immediate demands for repayment and shoulder some losses.
March 12, 2001 -- Transcript of a Press Briefing by Thomas Dawson, Director,External Relations Department
No real announcements. On Friday, March 16th, we'll open press registration for the Spring Meetings. The forms, registration forms, and information about the Meetings are on the Fund and World Bank websites
January 06, 2001 -- Exchange Rate Regimes: Is the Bipolar View Correct? -- Address by Stanley Fischer
Prepared for delivery as the Distinguished Lecture on Economics in Government, jointly sponsored by the American Economic Association and the Society of Government Economists, at the meetings of the American Economic Association, New Orleans
October 18, 2000 -- Ecuador: Selected Issues and Statistical Annex
Series: IMF Staff Country Report No. 00/125
October 12, 2000 -- Latin America 2000 -- Address by Stanley Fischer
Given at the LACEA Conference, Rio de Janeiro
September 07, 2000 -- Public Information Notice: IMF Concludes Article IV Consultation with Ecuador
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
August 28, 2000 -- News Brief: IMF Completes First Ecuador Review
August 17, 2000 -- News Brief: IMF Management Welcomes Progress in Ecuador's Debt Restructuring
August 10, 2000 -- Ecuador Letter of Intent, Supplement to the Memorandum of Economic Policies, and Supplement to the Technical Memorandum of Understanding, August 10, 2000
This Letter of Intent of the government of Ecuador describes the policies that Ecuador intends to implement in the context of its request for financial support from the IMF.
July 26, 2000 -- Transcript of a Press Briefing by Thomas Dawson, Director, IMF External Relations Department and Masood Ahmed, Deputy Director, Policy Development and Review Department
With me this morning is Masood Ahmed, the Deputy Director of the Policy Development and Review Department, whose particular focus is on debt issues, HIPC, PRGF and so on.
May 19, 2000 -- Ecuador and the IMF -- Address by Stanley Fischer
Hoover Institution Conference on Currency Unions, Palo Alto, California
April 19, 2000 -- Press Release: IMF Approves Stand-By Credit for Ecuador
April 13, 2000 -- Transcript of a Press Conference by Mr. Stanley Fischer, IMF Acting Managing Director
This is the traditional Managing Director's press briefing for the Spring Meetings.
April 04, 2000 -- Ecuador Letter of Intent, Memorandum of Economic Policies, and Technical Memorandum of Understanding,  April 4, 2000
This Letter of Intent of the government of Ecuador describes the policies that Ecuador intends to implement in the context of its request for financial support from the IMF.
April 04, 2000 -- Transcript of a Press Conference by Mr. Stanley Fischer, IMF Acting Managing Director
I wanted to talk about the agenda for what will be the first meeting of the International Monetary and Financial Committee, which we are going to call the IMFC, which takes place here on Sunday, April the 16th.
March 20, 2000 -- IMF Survey:
Köhler nominated for IMF Managing Director; Capital Flow and Debt Statistics; IMF reviews Mozambique's needs; Ukraine review commissioned; Japanese banking crisis; Poland's recovery; Argentine Stand-By; Support package for Ecuador; social spending under IMF programs rises. PDF File Size: 491Kb
March 09, 2000 -- News Brief: IMF, World Bank, IDB, and CAF Prepared to Support Ecuador
January 10, 2000 -- News Brief: IMF Mission to Review Ecuador's Dollarization Plan
December 09, 1999 -- Learning the Lessons of Financial Crises: The Roles of the Public and Private Sectors -- Address by Stanley Fischer
Given at the Emerging Market Traders' Association Annual Meeting, New York
September 30, 1999 -- News Brief: Ecuador Signs Letter of Intent with IMF
September 27, 1999 -- News Brief: IMF Urges Collaboration Between Ecuador and Its Creditors
September 23, 1999 -- Transcript of a Press Conference by IMF Managing Director Michel Camdessus
Given on the eve of the 1999 Annual Meetings
August 31, 1999 -- News Brief: IMF Announces Conclusion of Staff Negotiations with Ecuador
November 11, 1997 -- Ecuador--Statistical Annex
Series: IMF Staff Country Report No. 97/100
September 23, 1997 -- Statement by the Hon. Carlos A. Massad, Governor of the World Bank and the Fund for Chile on behalf of the Latin American Governors of the Fund, at the Joint Annual Discussion.
PDF File Size: 34Kb
December 01, 1995 -- Financial Sector Reforms in Eight Countries: Issues and Results
Author/Editor: Galbis, Vicente
Series: Working Paper No. 95/141
October 03, 1995 -- Ecuador - Recent Economic Developments
Series: IMF Staff Country Report No. 95/96
Notes: This report on recent economic developments in Ecuador was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
July 01, 1991 -- Economic Growth in Latin America
Author/Editor: De Gregorio, Jose
Series: Working Paper No. 91/71

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