Ecuador: First Review Under the Stand-By Arrangement and Requests for Modifications and Waiver of Nonobservance and Applicability of Performance Criteria
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Summary:
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.
Series:
Country Report No. 2003/248
Subject:
Arrears Banking Economic sectors External debt Financial institutions Oil, gas and mining taxes Public debt Public sector State-owned banks Taxes
English
Publication Date:
August 8, 2003
ISBN/ISSN:
9781451811810/1934-7685
Stock No:
1ECUEA0042003
Pages:
57
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