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
IMF Staff Country Reports, March 10, 2006
Source details
- Canonical URL
- 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
Other formats
Bibliographic details
- Published: March 10, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811827.002
Overview
- The 2005 Article IV Consultation assesses Ecuador's economic performance amid a difficult political environment.
- Key sectors and macroeconomic indicators are highlighted based on 2005 developments.
Macroeconomic performance
- Economic growth in Ecuador is estimated to have exceeded 3 percent in 2005.
- The non-oil sector expanded by 3½ percent.
- The strong growth in the oil sector that followed the completion of the new oil pipeline in 2003 has tapered off.
- High oil prices have helped bolster confidence and underpin domestic demand.
External sector
- The external current account deficit is estimated to have remained unchanged at about 1 percent of GDP.
Thematic focus and keywords (as listed)
- 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
Source: IMF Staff Country Report titled "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" (publication noted on the IMF web landing page).