{
  "title": "Ecuador: First Review Under the Stand-By Arrangement and Requests for Modifications and Waiver of Nonobservance and Applicability of Performance Criteria",
  "publication": "IMF Staff Country Reports, August 8, 2003",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/ecuador-first-review-under-the-stand-by-arrangement-and-requests-for-modifications-and-16789",
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  "summary": "Output growth, inflation, and the external current account balance are the major economic developments discussed in this study. The macroeconomic framework was modified to reflect recent information.",
  "sections": [
    {
      "heading": "Major Economic Developments and Macroeconomic Framework",
      "content": "- Output growth, inflation, and the external current account balance are the major economic developments discussed.\n- The macroeconomic framework was modified to reflect recent information.\n- The program contains several prior actions to complete the first review."
    },
    {
      "heading": "Banking Sector and Public Debt Management",
      "content": "- Reforms in the banking system are helpful in completing the process of dealing with the failed banks.\n- The authorities are contacting international financial experts to manage the debt reductions."
    },
    {
      "heading": "Fiscal and Financing Challenges",
      "content": "- The central government will need to be vigilant in implementing its challenging financing program."
    },
    {
      "heading": "Subjects and Keywords",
      "content": "- Subjects:\n  - Arrears\n  - Banking\n  - Economic sectors\n  - External debt\n  - Financial institutions\n  - Oil, gas and mining taxes\n  - Public debt\n  - Public sector\n  - State-owned banks\n  - Taxes\n- Keywords:\n  - Arrears\n  - auction\n  - CR\n  - gas and mining taxes\n  - Global\n  - government\n  - ISCR\n  - Oil\n  - Paris Club agreement\n  - public enterprise reform\n  - Public sector\n  - restructured private sector debt portfolio\n  - services outlay\n  - staff appraisal\n  - State-owned banks\n\n---\n\n Content in this bundle\n\n- cr03248\n  - cr03248 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr03248 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "[Markdown version](/en/publications/cr/issues/2016/12/30/ecuador-first-review-under-the-stand-by-arrangement-and-requests-for-modifications-and-16789/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/30/ecuador-first-review-under-the-stand-by-arrangement-and-requests-for-modifications-and-16789/index.json)",
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    "Authors: Arrangement, Requests",
    "Published: August 8, 2003",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451811810.002",
    "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.",
    "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.",
    "The central government will need to be vigilant in implementing its challenging financing program.",
    "Subjects:",
    "Keywords:",
    "**_cr03248**"
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