IMF Statement on Ecuador

IMF News, October 2, 2019

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IMF Statement on Ecuador

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Bibliographic details

• Published: October 2, 2019

Key messages

• Press Release No. 19/362
• Date: October 2, 2019
• Issued by: IMF Communications Department
• Press officer: Maria Candia Romano
• Phone: +1 202 623-7100
• Email: MEDIA@IMF.org
• Twitter: @IMFSpokesperson

Reforms announced

• The reforms announced yesterday by President Lenin Moreno aim to improve the resilience and sustainability of Ecuador’s economy and foster strong, and inclusive growth.
• The announcement included important measures to protect the poor and most vulnerable, as well as to generate jobs in a more competitive economy.

Institutional reforms supporting dollarization

• The authorities are also working on important reforms aimed at supporting Ecuador’s dollarization, including the reform of the central bank and the organic code of budget and planning.

IMF engagement and next steps

• IMF staff will continue to work closely with the authorities to improve the prospects for all Ecuadorians.
• The second review is expected to be submitted to the Executive Board in the coming weeks.

IMF Communications Department, October 2, 2019.

References

• Ecuador and the IMF
• Press Releases
• PRESS CENTER
• https://www.imf.org/en/home