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, December 19, 2024
Source details
- Canonical URL
- 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
Other formats
Bibliographic details
- Published: December 19, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400297625.002
Executive summary and program progress
- Publication date: December 19, 2024
- The Article IV consultation and first review under the Extended Arrangement under the Extended Fund Facility and Financing Assurances Review assessed strategies to strengthen fiscal sustainability while safeguarding priority social and investment spending.
- Ecuador has made significant progress in the implementation of its economic reform program, meeting all end-August 2024 quantitative performance criteria and indicative targets for the first review and advancing important structural reforms.
- The authorities’ policy efforts:
- helped safeguard macroeconomic stability;
- strengthened the fiscal and external positions;
- protected vulnerable groups amid a challenging environment.
Social protection and mitigation of fiscal consolidation
- Authorities continue to enhance the social safety net by:
- broadening the coverage of the social registry;
- gradually expanding cash transfer programs.
- Expected policy intent: increase government support to the most vulnerable and mitigate the impact of fiscal consolidation on those groups.
Key subject areas and policy focus
- Subject areas covered:
- 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
- Policy themes emphasized:
- Fiscal sustainability
- Protection of priority social and investment spending
- Structural reforms to reinforce program objectives
Content in this bundle
- 1ecuea2024002-print-pdf