## Ecuador: Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

_IMF Staff Country Reports, September 9, 2016_

## Source details

**Canonical URL:** [Ecuador: Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Ecuador](https://www.imf.org/en/publications/cr/issues/2016/12/31/ecuador-purchase-under-the-rapid-financing-instrument-press-release-staff-report-and-44223)

## Other formats

- [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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## Bibliographic details
- Published: September 9, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475532593.002

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### Request and purpose
- 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.

### IMF staff assessment and support
- 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.

### Key subjects and themes covered
- Commodities
- Economic sectors
- External debt
- Fiscal policy
- Fiscal stance
- Imports
- Oil
- Public debt
- Public sector

### Keywords and issues highlighted
- Caribbean
- CR
- disbursement of SDR
- discussion of Ecuador
- earthquake financing
- expenditure measure
- financial support
- financing
- financing pressure
- Fiscal stance
- Global
- government
- ISCR
- Oil
- Public sector

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/ecuador-purchase-under-the-rapid-financing-instrument-press-release-staff-report-and-44223_