{
  "title": "Ecuador: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ecuador",
  "publication": "IMF Staff Country Reports, March 10, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ecuador-2005-article-iv-consultation-staff-report-staff-statement-public-information-notice-19009",
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  "summary": "This 2005 Article IV Consultation highlights that despite a difficult political environment, economic growth in Ecuador is estimated to have exceeded 3 percent in 2005, with the non-oil sector expanding by 3½ percent.",
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    {
      "heading": "Overview",
      "content": "- The 2005 Article IV Consultation assesses Ecuador's economic performance amid a difficult political environment.\n- Key sectors and macroeconomic indicators are highlighted based on 2005 developments."
    },
    {
      "heading": "Macroeconomic performance",
      "content": "- Economic growth in Ecuador is estimated to have exceeded 3 percent in 2005.\n- The non-oil sector expanded by 3½ percent.\n- The strong growth in the oil sector that followed the completion of the new oil pipeline in 2003 has tapered off.\n- High oil prices have helped bolster confidence and underpin domestic demand."
    },
    {
      "heading": "External sector",
      "content": "- The external current account deficit is estimated to have remained unchanged at about 1 percent of GDP."
    },
    {
      "heading": "Thematic focus and keywords (as listed)",
      "content": "- Subject: Commodities; Expenditure; Fiscal policy; Fiscal stance; Oil; Oil prices; Prices; Public debt\n- Keywords: CPI inflation rate; CR; deficit; Fiscal stance; Global; government; government initiative; housing rent inflation; ISCR; minister; Oil; Oil prices; oil sector FDI inflow; Palacio government; staff appraisal\n\nSource: IMF Staff Country Report titled \"Ecuador: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ecuador\" (publication noted on the IMF web landing page).\n\n---\n\n Content in this bundle\n\n- cr0698\n  - cr0698 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0698 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 10, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451811827.002",
    "The 2005 Article IV Consultation assesses Ecuador's economic performance amid a difficult political environment.",
    "Key sectors and macroeconomic indicators are highlighted based on 2005 developments.",
    "Economic growth in Ecuador is estimated to have exceeded 3 percent in 2005.",
    "The non-oil sector expanded by 3½ percent.",
    "The strong growth in the oil sector that followed the completion of the new oil pipeline in 2003 has tapered off.",
    "High oil prices have helped bolster confidence and underpin domestic demand.",
    "The external current account deficit is estimated to have remained unchanged at about 1 percent of GDP.",
    "Subject: Commodities; Expenditure; Fiscal policy; Fiscal stance; Oil; Oil prices; Prices; Public debt",
    "Keywords: CPI inflation rate; CR; deficit; Fiscal stance; Global; government; government initiative; housing rent inflation; ISCR; minister; Oil; Oil prices; oil sector FDI inflow; Palacio government; staff appraisal",
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