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

September 9, 2016

Preview Citation

Format: Chicago

Ecuador: Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Ecuador, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper discusses Ecuador’s Request for Purchase Under the Rapid Financing Instrument (RFI). The Ecuadoran authorities are requesting financial assistance under the IMF’s RFI to address the urgent balance of payments (BOP) needs associated with emergency and reconstruction efforts. Given the urgency of their request, they are not currently in a position to implement a full-fledged upper-credit-tranche program, and they believe they can make suitable adjustments to manage their medium-term BOP challenges. Given the nature of the emergency, the IMF staff supports the authorities’ request for a purchase under the RFI.

Subject: Commodities, Economic sectors, External debt, Fiscal policy, Fiscal stance, Imports, Oil, Public debt, Public sector

Keywords: 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

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/288
Stock No:

1ECUEA2016001
ISBN:

9781475532593
ISSN:

1934-7685

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