Ecuador: First Review Under the Stand-By Arrangement and Requests for Modifications and Waiver of Nonobservance and Applicability of Performance Criteria

August 8, 2003

Preview Citation

Format: Chicago

Ecuador: First Review Under the Stand-By Arrangement and Requests for Modifications and Waiver of Nonobservance and Applicability of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 23, 2024

Summary

Output growth, inflation, and the external current account balance are the major economic developments discussed in this study. The macroeconomic framework was modified to reflect recent information. The 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. Finally, the central government will need to be vigilant in implementing its challenging financing program. The program contains several prior actions to complete the first review.

Subject: 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

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/248
Stock No:

1ECUEA0042003
ISBN:

9781451811810
ISSN:

1934-7685

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