Ecuador: First Review Under the Stand-By Arrangement and Requests for Modifications and Waiver of Nonobservance and Applicability of Performance Criteria

International Monetary Fund

No 2003/248, IMF Staff Country Reports from International Monetary Fund

Abstract: Output growth, inflation, and the external current account balance are the major economic developments discussed in this study. The macroeconomic framework was modified to reflect recent information. The reforms in the banking system are helpful in completing the process of dealing with the failed banks. The authorities are contacting international financial experts to manage the debt reductions. Finally, the central government will need to be vigilant in implementing its challenging financing program. The program contains several prior actions to complete the first review.

Keywords: ISCR; CR; restructured private sector debt portfolio; staff appraisal; government; auction; Paris Club agreement; public enterprise reform; services outlay; Public sector; Arrears; State-owned banks; Oil; gas and mining taxes; Global (search for similar items in EconPapers)
Pages: 57
Date: 2003-08-08
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Citations: View citations in EconPapers (1)

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