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
March 10, 2006
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This 2005 Article IV Consultation highlights that despite a difficult political environment, economic growth in Ecuador is estimated to have exceeded 3 percent in 2005, with the non-oil sector expanding by 3½ percent. The strong growth in the oil sector that followed the completion of the new oil pipeline in 2003 has tapered off, but high oil prices have helped bolster confidence and underpin domestic demand. The external current account deficit is estimated to have remained unchanged at about 1 percent of GDP.
Subject: Commodities, Expenditure, Fiscal policy, Fiscal stance, Oil, Oil prices, Prices, Public debt
Keywords: CPI inflation rate, CR, deficit, Fiscal stance, Global, government, government initiative, housing rent inflation, ISCR, minister, Oil, Oil prices, oil sector FDI inflow, Palacio government, staff appraisal
Pages:
64
Volume:
2006
DOI:
Issue:
098
Series:
Country Report No. 2006/098
Stock No:
1ECUEA2006001
ISBN:
9781451811827
ISSN:
1934-7685
