## IMF Statement on Ecuador

_IMF News, October 2, 2019_

## Source details

**Canonical URL:** [IMF Statement on Ecuador](https://www.imf.org/en/news/articles/2019/10/02/pr19362-ecuador-imf-statement-on-ecuador)

## Other formats

- [Markdown version](/en/news/articles/2019/10/02/pr19362-ecuador-imf-statement-on-ecuador/index.md)
- [Structured JSON version](/en/news/articles/2019/10/02/pr19362-ecuador-imf-statement-on-ecuador/index.json)
- [Bundle manifest](/en/news/articles/2019/10/02/pr19362-ecuador-imf-statement-on-ecuador/bundle-manifest.json)

## Bibliographic details
- Published: October 2, 2019

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### 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.*

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## References

- [Ecuador and the IMF](http://www.imf.org/external/country/ECU/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2019/10/02/pr19362-ecuador-imf-statement-on-ecuador_