Ecuador: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ecuador

International Monetary Fund

No 2006/098, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2005 Article IV Consultation highlights that despite a difficult political environment, economic growth in Ecuador is estimated to have exceeded 3 percent in 2005, with the non-oil sector expanding by 3½ percent. The strong growth in the oil sector that followed the completion of the new oil pipeline in 2003 has tapered off, but high oil prices have helped bolster confidence and underpin domestic demand. The external current account deficit is estimated to have remained unchanged at about 1 percent of GDP.

Keywords: ISCR; CR; CPI inflation rate; deficit; minister; government; staff appraisal; Palacio government; government initiative; oil sector FDI inflow; housing rent inflation; Fiscal stance; Oil prices; Oil; Global (search for similar items in EconPapers)
Pages: 64
Date: 2006-03-10
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