Ecuador: Fiscal Stabilization Funds and Prospects

Simon Cueva
Authors registered in the RePEc Author Service: Mauricio Cardenas

No 2004, Research Department Publications from Inter-American Development Bank, Research Department

Abstract: Amongst a favorable economic environment, Ecuador’s exceptional oil revenues have bolstered fiscal accounts. Several legal changes have created or modified funds or accounts aimed at saving, earmarking, or using oil-related revenues. This paper discusses oil-related fiscal policies, stabilization funds, and options in Ecuador. It reviews existing schemes, describes fiscal trends and underlying vulnerabilities, and offers trends and prospects for the oil-related funds and fiscal accounts. Assessing the weaknesses of the fiscal stabilization framework, it offers suggestions for improving efficiency in the use of exceptional fiscal revenues. It calls for enforceable fiscal responsibility rules, an enhanced accountability for oil revenues and the budget process, market mechanisms to hedge against oil price volatility, and a strengthened planning and prioritization of public investment.

Date: 2008-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.iadb.org/research/pub_hits.cfm?pub_id=C ... _name=pubCSI-110.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.iadb.org/research/pub_hits.cfm?pub_id=CSI-110&pub_file_name=pubCSI-110.pdf [301 Moved Permanently]--> https://www.iadb.org/research/pub_hits.cfm?pub_id=CSI-110&pub_file_name=pubCSI-110.pdf)

Related works:
Working Paper: Ecuador: Fiscal Stabilization Funds and Prospects (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:idb:wpaper:2004

Access Statistics for this paper

More papers in Research Department Publications from Inter-American Development Bank, Research Department Contact information at EDIRC.
Bibliographic data for series maintained by Felipe Herrera Library ().