Ecuador: Recent Economic Developments

International Monetary Fund

No 1995/096, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; central bank; U.S. dollar; Ecuador; net; central bank revenue; export structure; fund staff estimate; central bank expenditure; central bank equivalent; central bank of Ecuador; nominal exchange rate; exchange rate band; Ecuador REAL GDP growth; Ecuador's GDP; central bank paper; macroeconomic imbalance; Public sector; Exports; Exchange rates; International reserves (search for similar items in EconPapers)
Pages: 98
Date: 1995-10-03
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Citations: View citations in EconPapers (1)

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