IMF Staff Country Reports

Ecuador: 2024 Article IV Consultation and First Review Under the Extended Arrangement Under the Extended Fund Facility and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

December 19, 2024

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Format: Chicago

International Monetary Fund. Western Hemisphere Dept. "Ecuador: 2024 Article IV Consultation and First Review Under the Extended Arrangement Under the Extended Fund Facility and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ecuador", IMF Staff Country Reports 2024, 357 (2024), accessed January 12, 2025, https://doi.org/10.5089/9798400297625.002

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Summary

Ecuador is making significant progress in the implementation of its economic reform program. The authorities have embarked on a set of decisive policy actions and reforms to address fiscal and external imbalances, supported by the 48-month Extended Fund Facility (EFF) arrangement approved by the Executive Board in May 2024 of SDR 3 billion (430 percent of quota, about US$4 billion). The core objectives of the EFF-supported program are to (i) strengthen fiscal sustainability, while protecting vulnerable groups; (ii) safeguard dollarization and macroeconomic stability; (iii) rebuild liquidity buffers; (iv) enhance financial stability and integrity; and (v) further advance the structural reform agenda to promote sustainable and inclusive growth.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Economic and financial statistics, Financial sector policy and analysis, Financial sector stability, Government finance statistics

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), BCE financing, Caribbean, Ecuadorean authorities, EFF arrangement, Financial sector stability, Global, Government finance statistics, PFM system, Policy agenda

Publication Details

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