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
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The new administration has committed to continue with the Fund-supported Extended Fund Facility (EFF) of SDR 4,615 million (661 percent of quota, about $6.5 billion) that was approved by the IMF Executive Board on September 30, 2020. The authorities’ objectives under the program are to ensure an environmental-friendly growth with high quality jobs, promote a transparent management of public resources, and ensure equity in the conduct of fiscally sustainable policies. Upon the completion of the Second and Third Reviews under the EFF, an additional SDR $568 million would be made available.
Subject: Arrears, Commodities, Expenditure, External debt, International organization, Monetary policy, Oil, Oil prices, Prices, Public debt
Keywords: Arrears, dollarization regime, Global, Oil, Oil prices, reform package, revenue administration measure, September employment survey data, staff appraisal
Pages:
138
Volume:
2021
DOI:
Issue:
228
Series:
Country Report No. 2021/228
Stock No:
1ECUEA2021001
ISBN:
9781513599106
ISSN:
1934-7685
