## 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

**Canonical URL:** [Ecuador: First Review Under the Stand-By Arrangement and Requests for Modifications and Waiver of Nonobservance and Applicability of Performance Criteria](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)

## Other formats

- [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)
- [Bundle manifest](/en/publications/cr/issues/2016/12/30/ecuador-first-review-under-the-stand-by-arrangement-and-requests-for-modifications-and-16789/bundle-manifest.json)

## Bibliographic details
- Authors: Arrangement, Requests
- Published: August 8, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811810.002

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### 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

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## Content in this bundle

- **_cr03248**
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_Source: 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_