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

International Monetary Fund

No 2016/288, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; financial support; expenditure measure; financing; disbursement of SDR; government; discussion of Ecuador; financing pressure; earthquake financing; Oil; Public sector; Fiscal stance; Caribbean; Global (search for similar items in EconPapers)
Pages: 38
Date: 2016-09-09
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