{
  "title": "Ecuador: Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Ecuador",
  "publication": "IMF Staff Country Reports, September 9, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ecuador-purchase-under-the-rapid-financing-instrument-press-release-staff-report-and-44223",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ecuador-purchase-under-the-rapid-financing-instrument-press-release-staff-report-and-44223",
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  "summary": "This paper discusses Ecuador’s Request for Purchase Under the Rapid Financing Instrument (RFI). The Ecuadoran authorities are requesting financial assistance under the IMF’s RFI to address the urgent balance of payments (BOP) needs associated with emergency and reconstruction efforts.",
  "sections": [
    {
      "heading": "Request and purpose",
      "content": "- The Ecuadoran authorities are requesting financial assistance under the IMF’s Rapid Financing Instrument (RFI).\n- The request aims to address the urgent balance of payments (BOP) needs associated with emergency and reconstruction efforts.\n- Given the urgency of their request, the authorities are not currently in a position to implement a full-fledged upper-credit-tranche program.\n- The authorities believe they can make suitable adjustments to manage their medium-term BOP challenges."
    },
    {
      "heading": "IMF staff assessment and support",
      "content": "- Given the nature of the emergency, the IMF staff supports the authorities’ request for a purchase under the RFI.\n- The paper discusses Ecuador’s Request for Purchase Under the Rapid Financing Instrument (RFI) and the associated staff analysis."
    },
    {
      "heading": "Key subjects and themes covered",
      "content": "- Commodities\n- Economic sectors\n- External debt\n- Fiscal policy\n- Fiscal stance\n- Imports\n- Oil\n- Public debt\n- Public sector"
    },
    {
      "heading": "Keywords and issues highlighted",
      "content": "- Caribbean\n- CR\n- disbursement of SDR\n- discussion of Ecuador\n- earthquake financing\n- expenditure measure\n- financial support\n- financing\n- financing pressure\n- Fiscal stance\n- Global\n- government\n- ISCR\n- Oil\n- Public sector"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/ecuador-purchase-under-the-rapid-financing-instrument-press-release-staff-report-and-44223/index.md)",
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    "Published: September 9, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475532593.002",
    "The Ecuadoran authorities are requesting financial assistance under the IMF’s Rapid Financing Instrument (RFI).",
    "The request aims to address the urgent balance of payments (BOP) needs associated with emergency and reconstruction efforts.",
    "Given the urgency of their request, the authorities are not currently in a position to implement a full-fledged upper-credit-tranche program.",
    "The authorities believe they can make suitable adjustments to manage their medium-term BOP challenges.",
    "Given the nature of the emergency, the IMF staff supports the authorities’ request for a purchase under the RFI.",
    "The paper discusses Ecuador’s Request for Purchase Under the Rapid Financing Instrument (RFI) and the associated staff analysis.",
    "Caribbean",
    "CR",
    "disbursement of SDR",
    "discussion of Ecuador",
    "earthquake financing",
    "expenditure measure",
    "financial support",
    "financing",
    "financing pressure",
    "Global",
    "government",
    "ISCR"
  ],
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}