Ecuador: Recent Economic Developments

October 3, 1995

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Ecuador: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed November 23, 2024

Summary

This paper describes economic developments in Ecuador during the 1990s. Inflation fell from an average of about 50 percent in 1988–92 to 22 percent in April 1995. Economic activity rebounded, and international reserves were rebuilt. Relations with foreign creditors were normalized through an “exit” Paris Club rescheduling in mid-1994 and the completion of a debt- and debt-service-reduction operation with external commercial creditors in early 1995 that was expected to facilitate the return to external viability.

Subject: Banking, Central banks, Economic sectors, Exchange rates, Exports, External debt, Foreign exchange, International reserves, International trade, Public sector

Keywords: Central bank, Central bank equivalent, Central bank expenditure, Central bank of Ecuador, Central bank paper, Central bank revenue, CR, Ecuador, Ecuador REAL GDP growth, Ecuador's GDP, Exchange rate band, Exchange rates, Export structure, Exports, Fund staff estimate, International reserves, ISCR, Macroeconomic imbalance, Net, Nominal exchange rate, Public sector, U.S. dollar

Publication Details

Pages:

98
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1995/096
Stock No:

1ECUEA0011995
ISBN:

9781451811759
ISSN:

1934-7685

Notes

This report on recent economic developments in Ecuador was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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