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Ecuador: Staff Report for the 2003 Article IV Consultation, Request for a Stand-By Arrangement, and Approval of an Exchange Restriction

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  • International Monetary Fund

Abstract

This paper assesses Ecuador’s 2003 Article IV Consultation, a Request for a Stand-By Arrangement (SBA), and Approval of an Exchange Restriction. The main objectives of the fiscal program are to address immediate liquidity constraints and to bring expenditure growth under control, consistent with the demands of dollarization. The government has moved quickly to implement a package of politically difficult revenue measures. Although recognizing the risks involved, the IMF staff supports Ecuador’s request for a new SBA in support of the government’s economic program.

Suggested Citation

  • International Monetary Fund, 2003. "Ecuador: Staff Report for the 2003 Article IV Consultation, Request for a Stand-By Arrangement, and Approval of an Exchange Restriction," IMF Staff Country Reports 2003/090, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/090
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16464
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    Cited by:

    1. López-Cálix, José R. & Melo, Alberto & Tinsley, Elaine & Calvo, Sara, 2005. "Creating Fiscal Space for Poverty Reduction in Ecuador: A Fiscal Management and Public Expenditure Review," IDB Publications (Books), Inter-American Development Bank, number 371, November.
    2. repec:idb:brikps:371 is not listed on IDEAS
    3. José R. López-Cálix & Alberto Melo & Elaine Tinsley & Sara Calvo, 2005. "Creating Fiscal Space for Poverty Reduction in Ecuador: A Fiscal Management and Public Expenditure Review," IDB Publications (Books), Inter-American Development Bank, number 60858, February.
    4. World Bank, 2004. "Ecuador - Creating Fiscal Space for Poverty Reduction : A Fiscal Management and Public Expenditure Review, Volume 1. Main Report," World Bank Publications - Reports 14515, The World Bank Group.
    5. World Bank, 2005. "Creating Fiscal Space for Poverty Reduction in Ecuador : A Fiscal Management and Public - Expenditure Review," World Bank Publications - Books, The World Bank Group, number 7296.

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