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

March 10, 2006

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2006) accessed November 23, 2024

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. The strong growth in the oil sector that followed the completion of the new oil pipeline in 2003 has tapered off, but 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

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/098
Stock No:

1ECUEA2006001
ISBN:

9781451811827
ISSN:

1934-7685

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