Ecuador : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

October 3, 1995

Summary:

This paper describes economic developments in Ecuador during the 1990s. Inflation fell from an average of about 50 percent in 1988–92 to 22 percent in April 1995. Economic activity rebounded, and international reserves were rebuilt. Relations with foreign creditors were normalized through an “exit” Paris Club rescheduling in mid-1994 and the completion of a debt- and debt-service-reduction operation with external commercial creditors in early 1995 that was expected to facilitate the return to external viability.

Series:

Country Report No. 95/96

Subject:

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.

English

Publication Date:

October 3, 1995

ISBN/ISSN:

9781451811759/1934-7685

Stock No:

1ECUEA0011995

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

98

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