IMF Staff Country Reports

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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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, (USA: International Monetary Fund, 2021) accessed November 8, 2024

Summary

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

Publication Details

  • Pages:

    138

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2021/228

  • Stock No:

    1ECUEA2021001

  • ISBN:

    9781513599106

  • ISSN:

    1934-7685

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