Ecuador: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ecuador
IMF Staff Country Reports, December 18, 2025
Source details
- Canonical URL
- Ecuador: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ecuador
Other formats
Bibliographic details
- Published: December 18, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229034272.002
Program progress and overall assessment
- The Ecuadorian authorities have made significant progress in the implementation of their economic program, supported by the EFF arrangement.
- Overall risks to the outlook remain elevated but are mitigated by the authorities’ decisive policy steps and continued strong program performance and commitment to reforms.
- The authorities continue making progress in the implementation of structural benchmarks and remain committed to further advancing their reform agenda.
Macroeconomic developments and outlook
- Real gross domestic product continues recovering amid low inflation, driven by domestic demand and record nonoil exports.
- The current account balance keeps on recording sizable surpluses, supporting a sustained rise in international reserves.
Performance criteria and targets
- The authorities have met all end-October 2025 quantitative performance criteria for the fourth review and indicative targets for which final data are available.
- Preliminary data suggest that indicative targets for the nonfinancial public sector have also been met.
Content in this bundle
- 1ecuea2025003-source-pdf