IMF Staff Country Reports

Ecuador: Selected Issues and Statistical Annex

Publication Date:

October 18, 2000

Electronic Access:

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Summary:

The crisis in the banking sector was one of the major contributing factors that led Ecuador to abandon its own currency and introduce the U.S. dollar as legal tender. However, to illustrate the weak growth performance of the country, it is necessary to examine the structural weaknesses in the labor market, the tax system, and the trade system. These weaknesses resulted in the increase in poverty and inequality. This paper provides a brief summary of recent economic developments and statistical data on economic indices of Ecuador.

Series:

Country Report No. 2000/125

Subject:

Asset and liability management Banking Commercial banks Financial crises Financial institutions Fiscal policy Labor Liquidity National accounts Personal income

Frequency:

Biannually