At a Glance
- Current IMF membership: 190 countries
- Ecuador joined the Fund on December 28, 1945
- Quota: SDR 697.7 million
- Outstanding Purchases and Loans (SDR): 1207.87 million (March 31, 2020)
- Article IV/Country Report: March 21, 2019
IMF's Work on Ecuador
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IMF Executive Board Concludes Fourth and Fifth Reviews of the Extended Fund Facility for Ecuador
June 24, 2022
IMF Executive Board Concludes Fourth and Fifth Reviews of the Extended Fund Facility for Ecuador
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May 11, 2022
IMF Staff and the Ecuadorian Authorities Reach Staff-Level Agreement on the Fourth and Fifth Reviews of Ecuador’s Economic Program Under the Extended Fund Facility
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Transcript of Western Hemisphere Department Press Briefing
April 26, 2022
Transcript of Western Hemisphere Department Press Briefing
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How Taxes Can Support Growth and Reduce Inequality in Latin America and the Caribbean
December 14, 2021
Public debt ratios in Latin America and the Caribbean (LAC) increased by about 10 percentage points of GDP in 2020. With debt service costs rising, countries in the region are under pressure to cut public spending and/or raise taxes, even in the face of widespread needs to respond to the pandemic. Our recent Regional Economic Outlook shows that well-crafted tax reforms can support growth while helping countries maintain fiscal sustainability. Importantly, these reforms can help reduce income inequality—an important objective in one of the most unequal regions in the world.
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October 7, 2021
Series:Country Report No. 2021/228
Regional Economic Outlook
Western Hemisphere
Regional Economic Outlook
April 2022The war in Ukraine is shaking the world economy and raising uncertainty about the outlook for Latin America and the Caribbean. Even before the war, the region’s recovery from the pandemic was losing momentum and growth is returning to its pre-pandemic trend rate of around 2.5 percent for 2022. The war brings a further shock to inflation, and policymakers across the region have reacted decisively by tightening monetary policy and implementing measures to soften the blow of higher food and energy prices on the most vulnerable—thus mitigating the risks of social unrest. Rising interest rates complicate the management of already high debt levels, and an escalation of the war could further tighten financial conditions in the region. In this context, an inclusive fiscal consolidation strategy would maintain support for the vulnerable while helping rebuild buffers.
Read more: Regional Economic Outlook for the Western Hemisphere, April 2022