IMF Office in Ecuador

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Office Activities

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IMF's Work on Ecuador

• 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

• 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

  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

• Transcript of Western Hemisphere Department Press Briefing

  April 26, 2022

  Transcript of Western Hemisphere Department Press Briefing

• 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.

• Ecuador: 2021 Article IV Consultation, Second and Third Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

  October 7, 2021

  Series:Country Report No. 2021/228
  

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Regional Economic Outlook

Western Hemisphere

Regional Economic Outlook

The 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