Ecuador: First Review Under the Stand-By Arrangement and Requests for Modifications and Waiver of Nonobservance and Applicability of Performance Criteria
IMF Staff Country Reports, August 8, 2003
Source details
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- Ecuador: First Review Under the Stand-By Arrangement and Requests for Modifications and Waiver of Nonobservance and Applicability of Performance Criteria
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Bibliographic details
- Authors: Arrangement, Requests
- Published: August 8, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811810.002
Major Economic Developments and Macroeconomic Framework
- Output growth, inflation, and the external current account balance are the major economic developments discussed.
- The macroeconomic framework was modified to reflect recent information.
- The program contains several prior actions to complete the first review.
Banking Sector and Public Debt Management
- Reforms in the banking system are helpful in completing the process of dealing with the failed banks.
- The authorities are contacting international financial experts to manage the debt reductions.
Fiscal and Financing Challenges
- The central government will need to be vigilant in implementing its challenging financing program.
Subjects and Keywords
- Subjects:
- Arrears
- Banking
- Economic sectors
- External debt
- Financial institutions
- Oil, gas and mining taxes
- Public debt
- Public sector
- State-owned banks
- Taxes
- Keywords:
- Arrears
- auction
- CR
- gas and mining taxes
- Global
- government
- ISCR
- Oil
- Paris Club agreement
- public enterprise reform
- Public sector
- restructured private sector debt portfolio
- services outlay
- staff appraisal
- State-owned banks