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Ecuador: First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Quantitative Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

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  • International Monetary Fund

Abstract

On September 30, 2020, the IMF Executive Board approved a 27-month arrangement under the Extended Fund Facility (EFF) with exceptional access (SDR 4,615 million, 661 percent of quota, about $6.5 billion) to help Ecuador restore macroeconomic stability and pursue the unfinished structural agenda from the previous program. High frequency indicators point to improvements in economic activity after bottoming out in Q2, while oil prices have been declining relative to earlier assumptions, leaving the macroeconomic outlook broadly unchanged over the medium term.

Suggested Citation

  • International Monetary Fund, 2020. "Ecuador: First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Quantitative Performance Criteria-Press Release; Staff Report; and Statement by th," IMF Staff Country Reports 2020/325, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2020/325
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=49980
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    Cited by:

    1. Carina V. Ganuza, 2020. "Ecuadorian Political System: Tension in the context of the COVID 19 (March-May 2020)," Technium Social Sciences Journal, Technium Science, vol. 11(1), pages 391-404, September.
    2. Alexander Kentikelenis & Thomas Stubbs, 2022. "Austerity Redux: The Post‐pandemic Wave of Budget Cuts and the Future of Global Public Health," Global Policy, London School of Economics and Political Science, vol. 13(1), pages 5-17, February.
    3. Melissa Hidrobo & Valerie Mueller & Shalini Roy, 2022. "Cash transfers, migration, and gender norms," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(2), pages 550-568, March.

    More about this item

    Keywords

    ISCR; CR; upside risk; EFF arrangement; procurement procedure; dollarization regime; IMF management team; Oil; Oil prices; Credit; Fiscal stance; Global;
    All these keywords.

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