IMF Staff Country Reports

Ecuador: Selected Issues

Publication Date:

March 10, 2006

Electronic Access:

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Summary:

This Selected Issues paper analyzes economic performance of Ecuador under dollarization. The paper reviews the principal trade-offs normally associated with official dollarization, and their specific relevance to Ecuador. It discusses Ecuador’s performance under the dollarization regime, highlighting the country’s main achievements and challenges in the macroeconomic and structural areas. The paper draws some conclusions and discusses what dollarization implies for Ecuador’s reform agenda in the future. The paper also assesses sustainability of Ecuador’s fiscal policy and explores criteria that could guide the setting of fiscal policy in the future.

Series:

Country Report No. 2006/103

Subject:

Dollarization Exports Fiscal policy International trade Monetary policy Oil, gas and mining taxes Public debt Taxes